Full text of Survey of Current Business : November 1961
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NOVEMBER 1961
survey of
CURRENT
BUSINESS
U.S. DEPARTMENT OF COMMERCE
OFFICE OF BUSINESS ECONOMICS
SURVEY OF CURRENT BUSINESS
NOVEMBER 1961
VOL. 41, NO. 11
U.S. Department of Commerc
Luther H. Hodges
Secretary
Contents
Office of Business Economics
BUSINESS REVIEW
M. Joseph Meehan
Director
PAGE
SUMMARY
Business moves ahead—Production index regains peak.
1
RISE IN NATIONAL INCOME AND PRODUCT
Consumer purchases rise—Investment expands.
3
SPECIAL ARTICLES
Expansion of Government Programs-—
During Fiscal Year 1962
Murray F. Foss
Editor
7
Federal Fiscal Position
7
Federal Purchases Reflect Defense Expansion
8
Consumption Expenditures in Recovery Phase
12
Goods and Services by Functional Distribution
13
Corporate Financing in 1961 and in Recent Business
Cycles—
Investment Potential Increases
STAFF CONTRIBUTORS
TO THIS ISSUE
Business Review and Feature?
Genevieve B. Wimsatt
Harold Wolozin
Articles:
17
Helen B. Junz
Anne N. Probst
19
Investment and Financing by Industry
K. Celeste Stc
Statistics Edit
Billy Jo Dawkins
Graphics
n
Allocation of Consumer Dollar
Corporate Financing During Cycles
Louis J. Paradiso
Managing Director
John A. Gorman
21
NEW AND REVISED SERIES
Gas
23
Lumber
24
MONTHLY BUSINESS STATISTICS
General
S1-S24
Industry
S24-S40
Subject Index
Inside Back Cover
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By the Office of Business Economics
A HE business recovery has extended
into the fourth quarter with economic
activity recording better than seasonal
advances. Following the rapid upturn
in the second quarter and the moderate
increase in the summer, October business gave indications of a quickening in
the tempo of the recovery—as seen in
the most recent data on retail sales,
personal income and employment, the
large order placements for durable
goods, and the current production plans
of the automobile industry, now fully
geared for the 1962 model run.
A noteworthy feature of the month
was the pickup in retail trade. Seasonally adjusted sales in October were
up some 2 percent over September on
the basis of the preliminary reports, and
a like amount over the third quarter
average. It was the best showing this
year in this important area of merchandise sales, which so far in the
cyclical expansion have responded
rather slowly to the general improvement in business and consumer incomes.
While much of the October advance
was attributable to increased purchases of automobiles, durables other
than autos were also up markedly.
Nondurables rose approximately 1 percent over the month, after seasonal
adjustment, due mainly to increased
sales by general merchandise and apparel stores. An extended discussion
of consumption trends appears in a
special article in this issue.
This was as large a rise as had occurred
over the entire three-month period
from June to September, and resembled
the monthly increases of last spring.
Payroll advances, reflecting increased
hours of work and higher employment
as indicated further on, were rather
widespread by industry. There were
significant advances in durable goods
manufacturing and government, and
smaller increases in trade and transportation. Proprietors7 income also
rose, paced by an increase in farm
income.
ADVANCE IN 1961 IN
GROSS NATIONAL PRODUCT
Rise in Final Purchases Continues at Steady Rate
But Inventory Increase Now Less Than
in the Initial Turnaround
Billion $ Change
0
TOTAL
ADVANCE
1st to 2d qtr
2d to 3d qtr
4
8
12
16
Change in Total GNP
Pne^fnlen^orVes
ty/*™?,\>oreh«e,^|
Wtftftfm^
I
FINAL
PURCHASES
Personal
Consumption
Fixed Investment
Government
Personal income at record
Reflecting primarily higher payrolls,
personal income rose substantially to
a new peak of $425 billion in October,
an increase of $4 billion over September
at a seasonally adjusted annual rate.
Net Exports
1st to 2d qtr.
p| 2d to 3d qtr.
U.S. Department it" Commerce, Office if Business Economics
61-11-1
This rise in purchasing power must
be considered of significance with the
holiday buying season approaching; a
better than seasonal gain may be
anticipated as a result of the current
income improvement.
Auto production surges forward
The automobile industry is currently
producing at a high rate, now that work
stoppages are no longer a drag on output, and is planning further sizable increases in production and sales for the
balance of the year. New passenger
cars produced in October totaled 557,000 units, a substantial seasonally adjusted increase over September. According to trade sources the industry is
currently scheduling an output of 1.8
million units in the final quarter of this
year. This is a seasonally adjusted annual rate of roughly 6% million cars and,
if fulfilled, would add very substantially
to the GNP in the fourth quarter.
The production schedules, of course,
can be altered if sales differ markedly
from the industry's current expectations, but dealers7 inventories have to
be rebuilt. Consumers have been responding favorably to the new models
thus far in the new model year. Dealers sold some 535,000 new units in
October, a seasonally adjusted annual
rate in excess of 6 million units; this
may be compared with an average sales
rate of roughly 6% million units in the
third quarter.
At the end of October dealers held
some 660,000 automobiles in inventory,
a comparatively low figure which was
250,000 below the number held at this
time a year ago. Given the production
schedules, the maintenance of the Oc4o(ber sales rate suggests a moderate
SURVEY OF CURRENT BUSINESS
2
buildup in dealers' stocks over the
quarter.
Production index regains peak
The rise in automobile output together with increases in other industries
was sufficient to bring about a small
advance in the federal Reserve Index
of industrial production, back to its
peak in August. Steel mill operations
were an exception. In terms of the
daily average rate, the industry's output did not register the increase that
typically takes place from September
to October. Fabricated metals, machinery, aircraft, instruments and nondurables were up over the month.
Employment and hours up
Rising output brought about a better
than seasonal rise in employment in
nonfarm establishments in October.
Table 1.—Percent Changes in Selected Indicators, Seasonally Adjusted, First to Second Quarter, Second to Third Quarter
and Third Quarter to October 1961
1961
lst-2d
qtr
2d-3d
qtr
3d qtrOct.1
Employment in nonag. estah
Manufacturing
_ _
Nonmanufacturing
0.7
1.6
.3
0.8
.7
.9
0.4
-. 1
.6
Total personal income
2.1
1.7
1.0
10.1
8.0
5.3
3.2
2.8
2.4
K
1.8
.0
.8
2.6
7.5
.5
3.7
8.8
-.4
.9
-.1
1.4
Durable goods marufaciuring
New orders
8 ales
Retail sales
Durable goods
Nondurable goods
Total industrial production
Iron arid steel
Automobiles .
_..
0
S.fi
24. 8
36.1
i Preliminary.
Source: U.S. Department of Labor, Bureau of Labor
Statistics; Board of Governors of the Federal Reserve System; and U.S. Department of Commerce, Office of Business
Economics and Bureau of the Census.
After seasonal adjustment employment
last month totaled 54.6 million, up
more than 150,000 over September and
almost 400,000 above October 1960.
The month-to-month advance was the
largest since June.
Most of the seasonally adjusted rise
centered hi nonmanufacturing industries, where small gams occurred in
transportation and public utilities,
trade, finance and service industries,
while government employment, mainly
State and local, rose more markedly.
Manufacturing employment was little
changed, and in fact has been on a
plateau since June. However, the extent of the recent improvement in the
auto industry is not fully recorded in
the October employment data, which
were temporarily reduced because of
the work stoppage of a major producer.
There was a noticeable increase in
machinery employment over the month,
reflecting the step-up in capital expenditures now underway and the rising
defense program.
Hours of work in manufacturing,
which had been abnormally depressed
in September because of strikes, rose as
a result of increases in both durables
and nondurable goods manufacturing.
iXovember 196
August, but have showed little chang
in the past 2 months.
New business placed with nonelec
trical machinery manufacturing com
panics has risen about one-sixth thi
year to a new high; this compares wit]
one-fourth in the first 8 months o
recovery in 1958. Within the group
the largest recovery in 1961 was
industrial machinery and more particu
larly in metal working.
PERSONAL INCOME HIGH
Billion $
450
Neiv orders continue advance
As discussed in a following article,
the latest review of the Federal budget
points to Federal purchases of goods
and services as an important stimulating influence in the present upturn
and over the remainder of the present
fiscal year. Order placements for
defense goods have reflected the step-up
in government expenditure programs
and in turn have been responsible for
an increase in underlying purchasing
and production by business firms.
The advance report on durable goods
producers for October indicated a
seasonally adjusted change of 1 percent
over September.
The flow of new business for durable
goods producers has risen about onefifth since last January, roughly the
same rate of rise experienced in the 1958
upturn. Incoming business for iiondurables has risen about 5 percent over
the same period and is currently at an
all-time high.
Substantial gains in incoming business have occurred in all hard goods
industries, thus reflecting a broadlybased expansion in this volatile area.
Large increases from the recession low
have been recorded by producers of
electrical machinery, transportation
equipment, and primary metals. Advances of more than one-fourth occurred
in the first two industries, with steppedup placement of defense contracts
playing a substantial role. Orders for
iron and steel companies rose about
one-third from the January low to
400
350 -,
300
200
Service Industries
150 -
100
Commodity-Producing Industries
50
.....I.....I..
1
1, .ml... ..I. ....I
l.m.l.,
150
Dividends, Interest, &
Proprietors' Income
100
50
1957
1958
1959 1960 1961
196
Seasonally Adjusted
U.S. Department of Commerce, Office of Business Economies
61-11-5
Rise in National Income and Product
Review of National Accounts in Third Quarter
rpHE expansion in economic activity
continued through the third quarter
with Gross National Product increasing
about $10 billion at an annual rate to a
new high of $526 billion. The third
quarter rise in output, though not so
large as in the preceding quarter, was
more widely diffused than in the initial
months of the advance. With changes
in inventory investment playing a continuing but lesser role in the third
quarter advance, the increase in final
purchases was of about the same
magnitude—$8 billion—as in the preceding quarter.
Most of the GNP increase in the
third quarter, as in the second, reflected
a higher physical volume of output, as
prices continued relatively stable. Real
GNP thus rose approximately 4 percent
above the recession low and was 2 percent above the prerecession high in the
second quarter of 1960.
About one-half of the third quarter
gain in GNP, $5 billion, was in consumer buying. In contrast with the
spring quarter, when automobiles had
accounted for a large proportion of the
gain, the third quarter increase in consumer buying was about equally divided
between nondurable goods and services,
with durables showing little change.
Lesser gains in residential construction,
business fixed investment, inventories,
and government purchases—principally
State and local—all contributed to the
increase in GNP. Net exports of goods
and services declined again in this
quarter by approximately $1K billion.
Comparable increases in income flows
accompanied the third quarter rise in
output. Employee compensation rose
approximately $6 billion, compared
with the $7% billion increase in the preceding quarter. Other distributive
shares also went up, although on the
basis of preliminary data it appears
that the profit increase was not so large
as the $5 billion (annual rate) reported
for the initial quarter of cyclical revival.
Consumer purchases rise
Total personal consumption expenditures increased about $5 billion in the
third quarter to $341 billion at seasonally adjusted rates, roughly matching
the second quarter increase. Over the
past two quarters about $10% billion
of the $13% billion increase in disposable
income has been translated into consumption expenditures. This rate of
expenditure of additional income is
about in line with the experience of
the two quarters after the low point
in the 1957-58 recovery.
Durable goods outlays rose only $%
billion in the third quarter, with an
advance in furniture and appliance
buying offsetting a small decline in
auto purchases. Auto buying showed
the influence of the model changeover
and remained relatively low. At an
annual rate of $16.5 billion, it was
about $3 billion less than in the second
quarter of last year, despite a $15
billion advance in disposable personal
income over this period. Sales were
picking up at the end of the quarter,
and auto production and sales may
be expected to contribute a substantial
increase to GNP in the final quarter.
The third quarter rise in furniture
and appliances—$% billion at annual
rates—matched the increase in the
Table 1.—Gross National Product in Current and Constant Dollars (1-3, 1-5)
[Seasonally adjusted at annual rates]
1958
1959
1960
1960
III
1961
IV
I
II
1958
1959
Gross national product
1961
IV
I
II
III
Billions of 1954 dollars
444.5 482.8 504.4 505.1 504.5 500.8 516.1 525.8 401.3
Durable goods
Nondurable goods
Services
1960
III
III
Billions of current dollars
Personnal consumption expenditures.
293.2 314.0
1960
328.9 329.7 332.3 330.7 336.1 341.0
428.4 440.8 440.2 438.4 433.2 445.5 451.8
273.2 289.3 298.3 298.6 299.6 297.0 301.6 305.0
37.3 43.5 44.3 43.4 43.8 39.4 42.0 42.3 35.5 41.0 41.8 40.8 41.6 37.6 39.8 39.9
141.6 147.3 152.4 152.7 153. 1 153.7 154.1 156.2 133.3 138.8 141.8 142.0 141.3 141.6 142.6 144.5
114.3 123.2 132.2 133.6 135.4 137.5 139.9 142.4 104.4 109.5 114.7 115.8 116.6 117.8 119.2 120.6
Gross private domestic investment
Now construction
56.6 72.4 72.4 70.5 65.6 59.8 68.8 73.2
49.0 61.1 60.6 58.6 54.9 49.6 57.3 60.4
35.5 40.2 40.7 40.4 40.7 39.6 41.3 42.7 31.1 34.3 33.9 33.6 33.9 32.9 34.1 35.1
Residential nonfarm _
Other
18.0 22.3 21.1 21.0 20.5 19.3 20.6 22.1 16.2 19.4 18.0 17.9 17.5 16.5 17.6 18.7
17.4 17.9 19.6 19.4 20.2 20.4 20.7 20.6 14.8 14.8 16.0 15.7 16.4 16.4 16.6 16.4
--
Producers' durable equipment. 23,1 25.9 27.5 27.7 26.7 24.2 24.7 26.0 19.4 21.3 22.7 22.7 22.1 19.9 20.3 21.4
4.2
2.4 -1.9 -4.0
2.8
4.5 -1.5
5.5
4.0
2.3 -1.1 -3.2
2.9
3.9
6.2
.1
4.0
.3
2.0 -2.2 -4.3
.4
.3
.3
2.4
.4
4.1 -2.4 5.6
.4
.8 -.0
3.8
.2
2.0 -1.3 -3.5
.2
.3
.3
2.4
.4
3.5
.4
1.2 -.7
3.0
3.0
3.9
2.6 -.2 -2.1
1.7
1.6
3.5
1.9
.6
Change in business inventories. -2.0
Nonfarm
Farm
-2.9
.9
__ _
Net exports of goods and services.
Exports
Imports
.
National defense
Other
• State and local
5.1
5.3
3.3
22.7 23.1 26.7 26.8 27.6 27.6 26.4 27.0 21.4 22.2 55.3 25.4 26.1 25.7 24.5 25.2
._ 21.5 23.8 23.6 23.8 22.4 22,3 22.5 24.3 21.6 24.3 23.6 23.7 22.6 22.4 22.6 24.5
Government purchases of goods
and services
Federal .
6.3
93.5 97.1 100.1 101.9 101.6 105.0 107.3 109.0 79.3 80.1 80.2 81.3 80.3 83.3 84.7 «5.7
- 52.6 53.5 52.9 54.0 53.0 54.7 56.6 57.4
1.5 43.9 42.3 42.9 41.6 43.1 44.7 45.0
44.8 46.2 45.5 45.4 45.7 47.2 48.8 49.0
8.3 7.8 8.0 9.1 7.9 8,0K 8.3 8.9
5
6
5
5
6
6
6
40.8 43.6 47.2
48. t) 48.6 50.3 50.6 51.6 34.8 36.2 38.0 38.4 38.7 40.2 40.0 40. S
SURVEY OF CURRENT BUSINESS
billion in the third quarter. In the
last two quarters expenditures have
regained about two-thirds of the ground
lost in the drop in residential activity
which started in the summer of 1959.
Housing starts in the third quarter
averaged 5 percent higher than in the
second. There was, however, no upward trend during the quarter and
September starts were little changed
from June. Apartment house construction has been particularly active
this year, despite continuing high
vacancy rates, with the total likely to
set an all-time record exceeding even
the peak reached in the late 1920's.
Interest rates on home mortgages have
been rising in recent months, but the
advance so far has been slight for a
period of rising activity in the economy
generally, and in housing construction
Investment moves ahead
in particular.
All components of gross private
Responding to the continuing redomestic investment continued to rise covery of economic activity, proin the third quarter with the exception ducers' investment in durable equipment, which had contributed little to
HOUSING STARTS UP
the second quarter expansion in total
output,
increased approximately $1%
Thousand Units
billion
during
the third quarter. Al2,000
though there was no comparable increase in new plant construction, capital
Total Private Housing
Starts
goods demand appears somewhat
1,500
stronger than is usual so soon after a
cyclical upturn. As discussed in the
September issue of the Survey of Current
Business, projected capital spending for
1,000
the remainder of the year is expected
FHA Applications and
to strengthen.
VA Appraisals
prior quarter, when outlays for these
goods moved up with the advance in
residential construction. While still
below their peak sales rates in 1959
when residential construction was
higher, furniture and appliance outlays
have recovered to last year's prerecession volume.
Higher purchases of clothing accounted for about half of the $2 billion
increase in expenditures for nondurable
goods in the third quarter. Purchases
of nondurables, generally, had shown
little improvement in the second quarter, but as there had also been little
decline during the short recession,
expenditures for most categories are
somewhat above their 1960 peaks.
Expenditures for services have continued their steady growth.
\
500
I
1959
1960
Influence of inventories
J_
1961
1962
Quarterly, Seasonally Adjusted, at Annual Rates
Data: Census & FHA-VA
U.S. Department of Commerce, Office of Business Economics
61-11-6
of nonresidential construction which
remained level with the prior quarter.
(See table 1 on page 3.) Investment
in producers' durable equipment, in
particular, appears to have picked up
under the influence of rising sales and
profits.
Residential construction increased
by $1% billion to an annual rate of $22
Inventories were accumulated at an
annual rate of $4% billion in the third
quarter, as compared with $3 billion
in the preceding quarter, thus contributing $1% billion to the third quarter
GNP rise. In the previous quarter the
shift from inventory liquidation to accumulation resulted in a $6% billion rise
in total output. The bulk of inventory
accumulation in the third quarter
was in manufacturing, primarily durables, whereas in the second quarter most
of the buildup was in trade. Durable
goods producers accumulated additional inventories in the amount of
nearly $2% billion. In the preceding
quarter inventories were being reduced
in these industries.
November 1961
Net exports down and government
demand up
Net exports of goods and services
declined approximately $1K billion at
an annual rate in the third quarter, a
fall of the same magnitude as in the
second quarter. An import rise of $2
billion and a $% billion increase in
exports accounted for the third quarter
decline. The large increase in imports
represented in part a response to increased production and incomes and
in part a working off of the
import backlogs created by the waterfront strike of last spring. The increase in exports was primarily attributed to the rise in cotton shipments
which had been held back in the MayJuly period pending a rise in export
subsidies.
Government purchases of goods and
services rose $1% billion to an annual
rate of $109 billion, with most of the
increase occurring at the State and
local level. Rising defense expenditures
by the Federal Government had accounted for much of the $2% billion rise
in the second quarter. Such purchases
leveled off in the third quarter although
it is expected that with the activation of
TOTAL PRIVATE INVESTMENT RECOVERS
Business Fixed Investment Picks Up —
Major Change in Past Six Months
Was the Inventory Turnabout
Billion $
100
Gross Private Domestic
Investment
80
60
—X.
40
New Construction - Residential
Nonfarm
20
•
Change In
Business Inventories
-20 I i i i I i i i I i i i I i i i I
1957
1958
1959
1960
1961
1962
Quarterly Totals, Seasonally Adjusted, at Annual Rates
U.S. Department of Commerce, Office of Business Economics
61-11-7
November 1961
National Guard Units and progress on
other phases of the defense buildup, the
fourth quarter will see a further substantial rise in defense spending. The
outlook for advancing government purchases in the current fiscal year is
discussed in a following section.
SURVEY OF CURRENT BUSINESS
veterans enrolled for the fall semester.
Dividend payments under the National Life Insurance Program, which
included a special disbursement, in-
creased by $1 billion at an annual rate
and offset the declines noted above, and
Social Security benefits continued to
increase.
Table 2.—Personal Income and Its Use (II-2)
[Billions of dollars]
National and personal income higher
In line with the increase in output,
national income also rose to a new high.
Compensation of employees increased
$6 billion, at an annual rate, proprietors' income and net interest rose
slightly, and corporate earnings continued to advance.
The rise in employee compensation
reflected mainly higher employment
levels, although increases in hourly
earnings, and in the workweek also
contributed to the rise. Manufacturing
payrolls showed some decline from July
to September—largely attributable to
the auto changeover mentioned earlier,
and labor-management disputes—but
for the quarter as a whole advanced by
about $1% billion from the second quarter with metal and machinery industries
showing the largest gains.
Payrolls in the auto industry were off
with declining production for the quarter as a whole but are now moving ahead
again. Contract construction payrolls,
reflecting the improvement in residential activity, moved up $X billion.
Trade payrolls advanced, and the service industries and government rose
further. In transportation, communications, and public utilities, payrolls
were little changed.
The third quarter advance in corporate earnings was, on the basis of incomplete data now at hand, less than
the sharp initial cyclical rebound of $5
billion (annual rate) in the second
quarter and appeared to be centered in
manufacturing, transportation, finance,
and public utilities.
Largely reflecting the increases in
employee earnings, consumer incomes
moved up from $413 billion (annual
rate) in the second quarter to $420
billion in the third. Transfer payments
also increased, although the $K billion
rise was somewhat less than that in the
preceding quarter, owing principally to
a drop in unemployment insurance payments. Veterans' readjustment payments declined considerably as fewer
1960
1958
1959
III
1960
1961
IV
II
I
III
Seasonally adjusted at annual rates
Personal income
Wage and salary disbursements
360.3
383.3
402.2
405.1
405.4
404.7
413.2
420.3
239.8
258.5
271.3
273.2
271.3
270.1
277.3
282.7
97 9
76.7
63.8
34.8
43.2
107.2
84.7
68.2
37.7
45.3
110.4
87.4
71.8
40.7
48.4
110.5
87.2
72.5
41.2
49.0
108.0
85.2
72.1
41.5
49.7
106.1
83.8
71.8
41.8
50.4
110.7
87.5
72.8
42.5
51.3
112.8
88.9
74.3
43.6
52.1
Commodity-producing industries. .
Manufacturing only
Distributive industries
Service industries..
Government
Other labor income
9.4
10.3
10.9
10.9
11.2
10.8
10.8
11.2
Proprietors' income
46.1
46.3
48.2
48.7
49.0
48.9
49.2
49.4
32.5
13.5
35.0
11.3
36.2
12.0
36.3
12.4
36.3
12.7
36.0
12.9
36.3
12.9
36.6
12.8
12.2
11.9
11.7
11.7
11.7
11.5
11.5
11.5
12.4
13.4
14.1
14.1
14.3
14.2
14.2
14.3
Personal interest income
21.0
23.6
26.2
26.4
26.7
26.8
27.0
27.4
Transfer payments
26.3
27.2
29.1
29.3
30.6
32,0
32.9
33.5
8.5
3.9
4.6
9.4
10.2
2.5
4.5
10.0
11.1
2.8
4.6
10.6
11.3
2.9
4.5
10.6
11.4
3.8
4.6
10.8
11.8
3.8
4.7
11.7
12.5
4.5
4.8
11.1
12. T
4.0
4.8
11.9
Business and professional
Farm
Rental income of persons
Dividends
-. - -
_ _
Old-age and survivors insurance benefits
State unemployment insurance benefits _
Veterans' benefits
Other
- -- Less: Personal contributions for social insurance.. _
6.9
7.9
9.3
9.3
9.5
42.3
46.0
50.4
50.8
50,5
50.3
51.4
52.5
36.6
5.7
39.6
6.4
43.2
7.2
43.5
7.3
43.1
7.4
42.6
7.7
43.6
7.8
44.5
8.0
Equals i Disposable personal income
317.9
337.3
351.8
354.4
354.9
354.3
361.8
367.8
Less* Personal consumption expenditures
293.2
314.0
328.9
329,7
332.3
330.7
336.1
341.0
24.7
23.4
22.9
24.6
22.7
23.7
25.8
26.8
296.3
310.6
319.0
321.0
320.1
324.8
329.6
Less: Personal tax and nontax payments
Federal
-- - - State and local
-
Equals* Personal saving
Addendum: Disposable personal income in constant
(1954) dollars
9.3
318.4
9.7
9.8
Table 3.—Gross National Product by Major Type of Product in Current and Constant
Dollars (1-6, 1-7) 1
[Seasonally adjusted at annual rates]
1961
1960
1960
III
IV
1961
1958 1959 1960
1958 1959 1960
I
Billions of current dollars
II
III
III
IV
I
II
III
Billions of 1954 dollars
444.5 482.8 504.4 505.1 504.5 500.8 516.1 525.8 401.3 428.4 440.8 440.2 438.4 433.2 445.5 451.3
Gross national product
446.5 476.5 500.2 502.7 506.4 504.8 513.2 521.3 402.8 422.9 436.8 437.9 439.5 436.5 442.6 447.9
2.8 4.5 -1.5 5.5 4.0 2.3 -1.1 -3.2 2.9 3.9
-2.0
6.3 4.2 2.4 -1.9 -4.0
Final sales
Inventory change..
Inventory change
229.4 250.3 258.5 257.2 252.8 245. 7 257.1 261.4 211.5 228.6 234.6 233.3 228.9 221.9 232.5 235.4
231 4 244.0 254.3 254.8 254.6 249.7 254.3 256.9 213.1 223.1 230.6 231.1 230.0 225.2 229.7 231. 6
2.9 3.9
5.5 4.0 2.3 -1.1 -3.3
2.8 4.5 -1.5
6. 3 4.2 2.4 -1.9 -4.0
-2.0
Durable goods output
Final sales.
Inventory change.-
80.4 94.9 96.7 94.6 89.5 81.6 90.9 96.1 71.7 82.9 84.7 82.5 79.0 71.4 79.4 83.5
83. 3 91.3 94.3 94.2 93.4 87.4 91.2 92.6 74.1 79.8 82.4 82.1 82.0 76.5 79.6 80.8
.4 -3.0 -5.1 -.2 3.0
3.1 2.3
.4 -3.8 -5.8 -.3 3.5 -2.4
3.6 2.5
-2.8
Nondurable goods output
Final sales.
Inventory change
149.0 155.4 161. 8 162.6 163.2 164.1 166.2 165.3 139.8 145.7 150.0 150.8 149.8 150.5 153.2 151. §
148.1 152.8 160.0 160.6 161.3 162.3 163.0 164.3 139.0 143.3 148.3 148.9 148.0 148.7 150.0 151.0
.9
.9 2.6 1.8 2.0 2.0 1.8 3.2 1.0
.8 2.4 1.7 1.9 1.9 1.8 3.1
Goods output -
164.2 176.2 189.3 191.2 194.6 197.9 201.1 205.1 145.2 151.7 158.7 159.4 161.6 163.2 164.7 167.1
Services _
Construction
_-
-
50.9 56.2 56.6 56.7 57.2 57.2 57.9 59.2 44.5 48.1 47.5 47.4 47.9 48.0 48.3 49.2
i For quarterly data beginning in 1947, see SURVEY OF C U R R E N T BUSINESS, July 1961, pages 34 and 35.
SURVEY OF CURRENT BUSINESS
Table 4.—-Relation of Gross National Product, National Income,
and Personal Income (1-18)
November 1961
Table 6.—Personal Consumption Expenditures by Major Type (II-6)
[Billions of dollars]
[Billions of dollars]
1960
1960
1958
1958
1959
1960
III
IV
I
II
1959
19GO
_ 444. 5 482.8 504.4 505. 1 504. 5 500. 8 516.1
Less: Capital consumption allowance._ 38.6
40.8
43,1
43.2
43.7
525. 8
45.0
45.5
405.9 442. 0 461.4 461.9 460.9 456. 6 471.1
480.3
Less: Indirect business tax and nontax
39.3 42.7 45.6 45.5 45.9 45.7 46. 4
liability
Business transfer payments
1.8
1.8
1.8
1.8
1.8
1.8
1.8
Statistical discrepancy
-1.5 -1.7 -2.6 -4.0 -2.9 -2.6 -1.7
47.5
1.8
na
Equals: Net national pi oduct
Plus: Subsidies less current surplus of
government enterprises
Equals' National income
1 l
5
.5
1.4
1.8
367.4 399. 6 417. 1 419.0 416 5 412 2 426.0
na
Less: Corporate profits and inventory
valuation adjustment
Contributions for social insuran ce
Excess of wage accruals over
disbursements
46.4
45.1
44.1
42.9
40.0
45.5
na
14.8
17.6
20.7
21.1
20.8
21.2
21.7
22.0
0
0
0
0
0
0
0
0
25.4
7.1
13.4
1.8
27.3
7.8
14.1
1.8
27.5
7.8
14.1
1.8
28.8
7.7
14.3
1.8
31.0
7.3
14.2
1.8
31.6
7.2
14.3
1.8
360.3 383.3 402.2 405. 1 405. 4 404.7 413. 2
420.3
30.1
7.5
14.2
1.8
I
11
293. 2 314. 0 328. 9 329. 7 332. 3 330. 7 336. 1
III
341.0
37.3
43.5
44. 3
43.4
43.8
39.4
42.0
42.3
Automobiles and parts
13.9
18.1
18.6
17.8
18.6
14.8
16.7
16. 4
Furniture and household equipment
17 4
18 9
18 8
18.7
18.3
17.8
18.3
18.8
6.0
6.6
6.9
6.9
6.8
6.8
7.0
7.0
1 11. 6 147 3 152 4 152 7 153 1 153. 7 154. 1
156. 2
Durable goods, total__
Other
Nondurable goods, total
Food and beverages
76.6
Clothing and shoes-
25. 7
Gasoline and oil
37.2
Plus: Government transfer payments
to persons
- 24.5
Net interest paid by government. 6.2
12.4
Dividends
1.8
Business transfer payments
Equals: Personal income
.4
44.2
IV
Seasonally adjusted at annual
rates
Goods and services, total
_
III
III
Seasonally adjusted at annual
rates
Gross national product
1961
1961
Other
_
Services, total
78.0
80.1
79.9
80.8
81.1
81.4
81.9
28.1
28.3
27 7
27.9
27.6
28.6
11.8
10.5
11.0
11.6
11.6
11.8
11.7
11.7
28.8
30.9
32.6
32.9
32.7
33.0
33.4
33. 9
114.3 123.2 132. 2 133. 6 135. 4 137.5 139.9
142.4
Housing
37.7
39.9
42.2
42,7
43.1
43.6
44.2
44.8
Household operation-.
16.9
18.1
19.6
19.7
20.0
20.6
20.9
21.2
9.2
10.0
10.5
10.5
10.5
10.5
10.7
10.9
50.6
55.2
59.9
60.8
61.7
62.8
64.1
65.5
Transportation..
_
Other
Table 7.—Foreign Transactions in the National Income Accounts
(IV-2)
[Billions of dollars]
Table 5.—Government Receipts and Expenditures (III-3, III-4)
1960
1958
1959
1960
III
1958
1961
IV
I
II
Personal tax and nontax receipts. .
Corporate profits tax accruals
Indirect business tax and nontax
accruals
Contributions for social insurance.
78.5
89.4
96.0
95.6
94.6
92.5
96.8
na
36.6
17.7
39.6
21.9
43.2
21.2
43.5
20.3
43.1
20.0
42.6
18.6
43.6
21.2
44.5
na
11.9
12.4
13.0
14.9
14.0
17.7
13.8
18.0
13.8
17.6
13.3
18.0
13.6
18.4
14.0
18.7
102.4
87.9
91.2
92.8
94.2
94.2
98.0 101.1
Purchases of goods and services..,. 52.6
53.5
52.9
54.0
53.0
54.7
56.6
57.4
21.3
20.0
1.3
22.2
20.6
1.5
23.7
22.2
1.6
24.0
22.4
1.5
25.3
23.7
1.6
26.5
24.8
1.6
27.1
25.7
1.5
27.8
26.1
1.7
Grants-in-aid to State and local
governments..
5.4
6.6
6.1
6.2
6.0
7.1
6.8
6.4
Net interest paid
5 6
6.4
7.0
7.1
7.0
6.8
6.6
6.4
Subsidies less current surplus of
government enterprises
3.0
2.6
2.9
2.9
2.9
3.0
4.0
4.5
3.3
1.4
Federal Government expenditures
Transfer payments
To persons
Foreign (net)
Surplus or deficit (— ) on income
-9.4 -1.8
and product account
-4.3
46.5
49.2
49.4
49.7
51.4
51.9
na
Personal tax and nontax receipts.. 5.7
Corporate profits tax accruals
1.0
Indirect business tax and nontax
27.4
accruals
Contributions for social in su ranee _ 2.5
5.4
Federal grants-in-aid
6.4
1.2
7.2
1.2
7.3
1.1
7.4
1.1
7.7
1.0
7.8
1.2
8.0
na
29.6
2.7
6.6
31.6
3.0
6.1
31.7
3.1
6.2
32.1
3.2
6.0
32.4
3.2
7.1
32.9
3.3
6.8
33.5
3.3
6.4
44.1
46.9
50.6
51.3
52.0
53.8
54.2
55.3
40.8
4.5
.6
43.6
4.8
.7
47.2
5.1
.7
48.0
5.0
.7
48.6
5.1
.7
50.3
5.3
.7
50.6
5.4
.8
51.6
5.5
.8
2.4
2.5
2.5
2.6
Purchases of goods and services
Transfer payments to persons
Net interest paid _
Less: Current surplus of government enterprises
1.9
Surplus or deficit (— ) on income
-2.1
and product account
2.2
2.4
-.4 -1.4
-1.9
-2.3
-2.4
-2.3
III
IV
I
II
III
Receipts from abroad
22.7
23.1
26.7
26.8
27.6
27.6
26.4
27.0
Exports of goods and services
22.7
23.1
26.7
26.8
27.6
27.6
26.4
27.0
Payments to abroad
22.7
23.1
26.7
26.8
27.6
27.6
26.4
27.0
Imports of goods and services
21.5 23.8
Net transfer payments by Government. 1.3
1.5
-.1 -2.3
Net foreign investment
23.6
1.6
1.5
23.8
1.5
1.4
22.4
1.6
3.6
22.3
1.6
3.7
22.5
1.5
2.4
24.3
1.7
.9
Table 8.—Sources and Uses of Gross Saving, Seasonally Adjusted
Quarterly Totals at Annual Rates (V-2)
[Billions of dollars]
1961
1960
1958
1959
1960
III
IV
I
II
III
Seasonally adjusted at annual
rates
69.5
74.0
74.6
76.4
73.9
74.0
79.7
na
Personal saving
24.7
Undistributed corporate profits
6.4
Corporate inventory valuation
adjustment..
_ _
_ „ _ . -.3
Capital consumption allowance. _. 38.6
Excess of wage accruals over disbursements.-_
.0
23.4
10.3
22.9
24.6
7.6
22.7
7 2
23.7
25.8
26.8
-.5
.0
.9
.3
.4
.3
na
40.8
43.1
43.2
43.7
44.2
45.0
45.5
.0
.0
.0
.0
.0
.0
.0
_
_
na
State and local government receipts. _ _ 42.0
State and local government expenditures
1960
Seasonally adjusted at annual
rates
Gross private saving
.4 -5.5
1959
III
Seasonally adjusted at annual
rates
Federal Government receipts...
1961
1960
[Billions of dollars]
2.7
na
Government surplus on ircome and
-11.4
product transactions
-2.2
8.6
5 -1.9
1.9
5.8
-7.9
8.6
-6.6
.4 -5.5 -4.3
-9.4 -1.8
3.3
1.4
—2. 1 — . 4 — 1.4 — 1.9 -2.3 —2.4 -2.3
Federal
State and local
56.6
na
na
na
na
70.1
73.9
71.9
69.1
63.5
71,3
74.1
Gross private domestic invest56.6 72.4
ment
Net foreign investment
_ -.1 -2.3
72.4
70.5
65.6
59.8
68.8
73.2
Gross investment
Statistical discrepancy
_
__ __ -1.5
-1.7
1.5
-2.6
1.4
-4.0
3.6
-2.9
3.7
-2.6
2.4
-1.8
.9
na
BY HELEN B. JUNZ
Expansion of Government Programs
During Fiscal Year 1962
Gov:
VERNMENT purchases of goods
and services, mainly under the impact
of expanded defense programs, are
expected to play a major role in the
business recovery during the current
fiscal year. The 1962 Budget Review,
recently released by the Bureau of the
Budget, shows that Federal Govern-
chases by State and local governments,
is one of the major stimuli behind the
$40-billion increase, to about $545 billion, in the Nation's output of goods
and services which underlies the Bureau
of the Budget's estimates of Federal
revenues and expenditures for fiscal
year 1962.
FEDERAL FISCAL POSITION
Fiscal position—budget and national
income bases compared
• Administrative Budget Deficit of $6.9
Billion for Fiscal Year 1962
• Translates to a Deficit of $0.2 Billion
on National Income Account Basis
• Due to Excess of Tax Accruals Over
Collections in Economic Upturn and
Exclusion of Loan Expenditures
Billion $
10
5
-5
-
-
-10
-15
1953
55
57
59
61
63
Fiscal Years
© Fiscal 1962 estimate from 1962 Budget Review
U.S. Department of Commerce, Office of Business Economics
61*11—2
ment purchases, on a national income
and product account basis, are slated to
rise by $5 billion from the fiscal year
ended last June to the fiscal year ending
June 30, 1962.
This prospective rise, combined with
a projected $4-billion increase in pur-
Table 1, based on the 1962 Budget
Review, presents a summary of the
Federal Government's receipts and expenditures in terms of the administrative budget, the cash budget, and the
national income and product accounts.
It will serve as a starting point for a
translation of the two budgets into national income and product categories,
and for a discussion of the impact of
Government programs on the flow of
income and production.
Total administrative budget expenditures are estimated to reach $89 billion,
an increase of $7% billion over fiscal
year 1961, while receipts, at $82 billion,
are on the basis of advancing incomes
calculated to rise by $4% billion. As a
result, the budgetary deficit is estimated
to increase by $3 billion to a total of
about $7 billion. This compares with
a $1% billion surplus estimated in the
January Budget, when receipts were set
forth at about the same total, and expenditures were projected at about $8
billion less than the current estimate.
The major differences between the two
estimates of expenditures are due to increases in programs for defense, space,
and international purposes, larger farm
support outlays, and to anti-recession
measures such as the temporary extended unemployment compensation
program. Revenues are now expected
to reach the January Budget estimates,
because of the vigorous recovery in business that has occurred since the beginning of the year. The fiscal and monetary policies of the Administration were
an important factor in this recovery.
The cash budget differs from the conventional budget primarily because itincludes trust fund transactions and net
expenditures of Government-sponsored
enterprises. Receipts on this basis are
estimated at $103 billion and expenditures at $111 billion, resulting in a deficit of $8 billion.
On national income and product account, receipts are $2% billion higher,
while expenditures are $5% billion lower
Table 1.—Federal Government Receipts and
Expenditures, 1960-62
[Billion dollars]
Fiscal years
1960
1961
1962, Oct.
1961
estimate
Administrative Budget:
Receipts
Expenditures
Surplus or deficit ( — )
77.8 77.6
76.5 81.5
1.2 -3.9
82.1
89.0
-6.9
Cash Budget:
Receipts
__ _ . _
Expenditures. .
Surplus or deficit (— )
95.1 97.1
94.3 99.3
0.8 -2.1
102.8
111.1
-8.3
National income and product account:
Receipts
Expenditures
Surplus or deficit (— )
94.1 94.9
91.9 96.9
2.2 -2.0
105.2
105. 4
-0.2
Source: Bureau of the Budget; Treasury Department; and
U.S. Department of Commerce, Office of Business Economics.
than on a cash basis, resulting in approximate balance for the fiscal year as
a whole. The difference between the
two concepts as to receipts is primarily
due to timing (see table 2). The cash
budget includes taxes at the time they
are collected, while the national income
accounts record most of them at the
time the liability is incurred. Thus,
changes in economic activity are re7
SURVEY OF CURRENT BUSINESS
8
fleeted more promptly in the national National Mortgage Association and
income accounts and large differences in urban renewal and other housing
may occur owing to changes in the pace programs. In addition many existing
loan programs, especially the Small
of economic activity.
On the expenditure side, the major Business Administration's activities,
differences arise because all transac- are being expanded and new programs,
tions in financial assets and liabilities— such as the Area Redevelopment
private as well as Government—are Agency, are starting up.
As shown in table 3, the Federal
excluded from the national income
accounts. These accounts register only Government's deficit on national inexpenditures that directly enter the come and product account has narincome stream of the recipient. How-rowed from an annual rate of $5%
ever, the effects on current economic billion in the first quarter of calendar
activity of the omitted transactions in year 1961 to about $3 billion in the
financial claims show up under the third quarter, as an increase in tax
particular type of expenditure which accruals brought about by the business
they stimulate, such as private in- recovery outpaced the rise in expendivestment, consumption or exports.
tures. If the fiscal year totals of the
The 1962 Budget envisages particu- Budget Review are realized, the current
larly large increases in financial trans- excess of expenditures over receipts on
actions, primarily in secondary market national income and product account
mortgage purchases by the Federal will be replaced by an excess of receipts
November 1961
over expenditures later in the fiscal
year.
Federal receipts raised by business
recovery
The more than $10 billion projected
increase for fiscal 1962 in Federal receipts, on a national accounts basis,
would come from all areas of Government revenues and is based upon the
expectation of continued business recovery.
The 1962 Budget Review assumes a
rise in personal income during the
fiscal year with the total averaging
$425 billion in the second half of calendar year 1961 as against $409 billion
in the first half. (The annual rate of
personal income in October was $425
billion.) Personal taxes will rise in
line with incomes and are expected to
yield over $3 billion more infiscal1962
than during the preceding year. Corporate profits, under the Bureau of the
Budget's assumptions, would rise from
Table 2.—Reconciliation of Estimated Federal Receipts and Expenditures, Budget and
$42% billion during the first half of
National Income Accounts, Fiscal 1962
1961 to over $50K billion during the
l lon
RECEIPTS
° ars
second half, and would increase further
Budget receipts
_ $82.1 in 1962. On an accrual basis, corpoLess: Intragovernmental transactions..
Receipts from exercise of monetary authority
4.0
.1
Pius: Trust fund receipts
Equals: Federal receipts from the public (consolidated cash receipts)
UlCOHie taxes in the fiscal year 1962
wnnlrl viplrl $4.V hillirm mnr^ than in tVm
would yield $41 >2 Diiiion more inan in ine
102.8 preceding fiscal year.
Adjustments for agency coverage:
Less: District of Columbia revenues....
Increases inx payroll tax rates—one^
.3
Adjustments for netting and consolidation
Plus: Contributions to Federal employees retirement funds, etc..
Less: Interest, dividends, and other earnings
eighth of a percentage point for OASI
Contributions
1.8
1.2
Adjustments for timing
Plus: Excess of corporate tax accruals over collections; personal taxes, social insurance contributions, etc
Adjustments for capital transactions !
Less: Realization upon loans and investments, sale of government property, etc
Equals: Receipts—national income accounts..
and
i
T • i
higher
4.0
2^7
i
employment
11
WOUld
Excise taxes, CUStomS re-
ceipts and other indirect business taxes
are
Projected almost $% billion higher
than fiscal 1961
liabilities.
Federal purchases
reflect
111.1
•
expansion
Government-sponsored enterprise expenditures (net)
,5
Equals: Federal payments to the public (consolidated cash expenditures)
Adj
LSiT^
Adjustments for netting and consolidation
.4
_
1.8
8
Adjustments for timing
defense
Outlays for national security, which
in the January Budget were scheduled
,
•
4. u
± 4.U
i no 1 l
l
tO remain at aDOUt tne lybl level,
.4
.3
Less: ^mW^dV^cre^
i',3 fiscal 1962 rise in Federal buying.
Adjustments for capital transactions 1
^-s-^
Purchase of land and existing assets
Equals: Expenditures-national income accounts....
Sources: Bureau of the Budget and U.S. Department of Commerce, Office of Business Economics.
j
and
*n i
Will be
J.T
the
bulk of this rise
*-*
.1
•
p
,
prime factor
in
about $4 billion
,1
the
The
is to
go for Department of Defense military
outlays
10^4
1 ConsisTof transactions in financial assets and liabilities, land and secondhand assets. Acquisition of newly produced
tangible assets are included in expenditures for goods and services as defined in the national income and product accounts.
2 Includes net change in Commodity Credit Corporation guaranteed non-recourse loans and increase in clearing account.
are
programed to increase by $4% billion,
Plus: Excess of interest accruals over payments on savings bonds and Treasury bills
Excess of deliveries over expenditures
.
.
Less:
raise
SOcial insurance Contributions by about
$2 billion.
PIUS: TrSf^l^
temporarv
A
1.1
89.o
Less: Intragovernmental transactions
a
the costs of the temporary extended un.
employment compensation program—•
105.2
Budget expenditures
and
tenths of a percentage point to
3.2
EXPENDITURES
Plus: Contributions to Federal employees'retirement funds, etc
Less: Interest received and proceeds of government sales
rate
24.8
(table 4).
Increases
m
the
number
of
active
duty personnel are a ma]Or factor in the
pal mil a fprl ridA r»f <£1 Killirm in -n<vrcnrmol
^d^uidteu iibts ui «pi umiuii ill ptu buimei
as
Well as
in
the
additional $1
billion
November 1961
increase in operation and maintenance
expenditures. Purchases of equipment
are scheduled to rise by $1% billion,
with the larger share going for conventional weapons and equipment—items
with comparatively short delivery periods. Outlays for aircraft, missiles,
and ships are expected to rise somewhat less in the aggregate. Expenditures for research and development and
for military assistance to other nations
are programed to increase moderately.
Military construction is the only major
category of defense spending scheduled
to decline.
Aside from actual defense purchases,
the economy in the current fiscal year
will be affected by the placement of
defense orders which will be paid for in
the following fiscal years. Total orders
to be placed during the fiscal year
would amount to $52^ billion and
exceed planned expenditures by about
$4 billion. This constitutes an increase
of about $5% billion over the value of
orders received by business during fiscal
1961. In addition, the Defense Department expects to make commitments
to business for $3 billion worth of
orders to be placed during fiscal year
1963.
Other national security programs,
with the exception of atomic energy
developments, are also to expand. The
activities of the National Aeronautics
and Space Administration and Civil
Defense spending are to be stepped up
considerably. While no net additions to
the physical stockpile of strategic
materials are planned, the cost of the
program will go up because of higher
replacement costs.
Nondefense purchases are programed
to increase by about $% billion over
fiscal year 1961. As compared with the
January Budget, the projected increase
is somewhat larger for non-defense
purchases other than those of the
Commodity Credit Corporation. For
the Commodity Credit Corporation the
projected increase is somewhat less
than in the January Budget. This is
primarily due to a continued shift in
the Commodity Credit Corporation's
activities away from purchases of
commodities to programs designed to
reduce output through the withdrawal
of land from production. Expenditures
616239—61- 2
SURVEY OF CURRENT BUSINESS
under these programs are reflected in
the national income accounts as subsidy
payments rather than purchases of
goods and services. In spite of this
shift, net CCC purchases are estimated
to exceed fiscal 1961 levels because of
the large 1961 crops, and because
cotton sales are expected to fall below
fiscal 1961 levels.
Relatively small increases for the
conduct of foreign affairs, the conservation and development of natural
resources and the improvement and
modernization of the Federal airways
system account for the remainder of the
increase in Federal purchases.
While a significant part of the future
rise in GNP will come from the direct
purchases of goods and services by the
Federal Government, the stimulus
during the remainder of the current
fiscal year will not be quite so large as
the fiscal year 1961 and 1962 totals
9
would indicate. As may be seen from
table 3, Federal purchases in the third
quarter of calendar 1961 had already
reached an annual rate of about $57%
billion, as compared with the fiscal
year average of $54% billion; the excess
of second quarter 1962 purchases over
the 1962 fiscal year average of $59%
billion is expected to be somewhat less.
Other Federal expenditures to rise
Government expenditures, in addition
to influencing GNP through the procurement of goods and services, contribute to the flow of income through
various other types of programs, e.g.,
grants-in-aid to States, social security
benefits and other transfer payments,
subsidies, etc. These programs are
budgeted to rise by a total of about
$3^ billion, which is considerably more
than the average expansion registered
in the preceding couple of years.
FEDERAL RECEIPTS AND EXPENDITURES ON NATIONAL
INCOME AND PRODUCT BASIS
Rise in Receipts Expected to Exceed Increase in Expenditures
From Fiscal 1961 to Fiscal 1962
RECEIPTS
EXPENDITURES
Billion $
$105.2
$105.4
Indirect Business
Tax Accruals
$13.6
(Social Insurance5
\ Contributions c
Net Purchases
of Goods
and Services
$59.7
* Fiscal 1962 estimate from 1962 Budget Review
U. S. Department of Commerce, Office of Business Economics
61-11-3
JO
The main factor in this change is a
$1 billion rise in subsidies resulting
from the new programs for the retirement of land from feed grain and wheat
production mentioned above. Because
the proposed postal rate increase was
not enacted, government enterprises
will continue to show a deficit of at
least the past year's magnitude.
Transfer payments to persons are
scheduled to rise by slightly under $2
billion, primarily because the Social
Security Amendments Act of 1961
liberalized existing, and made available
new, benefits. In addition, veterans7
pensions and defense research grants
will rise slightly. These increases will
be partially offset by a decrease in
GOVERNMENT PURCHASES OF
GOODS AND
SERVICES
Up in Fiscal 1962
FEDERAL
Billion $
60
COMPENSATION OF
EMPLOYEES
40
SURVEY OF CURRENT BUSINESS
November 1961
payments for unemployment compensation as the business situation continues to improve.
While cash grants for foreign aid,
which are reflected as transfer payments to foreign countries in the
national income accounts, are not
scheduled to change materially from
their 1961 levels, other activities under
the foreign aid programs are budgeted
to increase by under $% billion. About
half of this will be in financial capital
assistance, such as development loans
and the subscription to the InterAmerican Development Bank, items
which by their nature are excluded
from the national accounts. The remainder, which includes grants of
surplus commodities to other nations,
is included in the purchases of goods and
services.
The decline of interest rates during
fiscal 1961 brought interest payments
by the end of the year down to about
$K billion below the annual average of
$7 billion. Although the increase in
the national debt will bring about an
increase in interest payments from the
end of fiscal 1961 level, it is not expected
by itself to be quite large enough to
bring the year as a whole up to the
preceding year's average.
Grants-in-aid to State and local
governments are estimated to rise by
$1 billion. The bulk of this is accounted
for by the highway construction and new
public assistance programs, such as the
Table 4.—Defense Department Military
Budget Expenditures, Fiscal Years 1960-62
[Billion dollars]
Fiscal Years
1962
October
1961
Estimate
1960
1961
1962
January
1961
Estimate
42.8
44.7
44.7
48.4
11.7
Military personnel
Operation and maintenance- 10.2
14.3
Defense procurement
12.1
10.6
14.7
12.4
10.7
14.4
13.3
11.6
16.1
4.5
1.6
1.4
4.4
1.3
1.8
4.7
1.2
1.5
Revolving funds and unallo-0.4 -0.3
cated
Civil Defense
-0.2
-0.2
0.2
Total
Research, development, test,
and evaluation
Construction
Military assistance
3.7
1.6
1.6
Source: Bureau of the Budget and Department of Defense.
medical care for the aged program
enacted last year and the new temporary program for dependent children
of unemployed parents enacted this
year.
(Continued on p. 16)
20
Table 3.—Federal Government Receipts and Expenditures on National Income and Product
Account Basis Fiscal 1960-62
[Billion dollars]
58
1956
0
60
62
1960
STATE AND LOCAL
Federal Government receipts
Personal tax and nontax receipts . _Corporate profits tax accruals
Indirect business tax and nontax accruals
Contributions for social insurance
Total
40
Federal Government expenditures
Purchases of goods and services
Major national security
Transfer payments
To persons
Foreign (net)
COMPENSATION OF
EMPLOYEES
20
- -
Grants-in-aid to State and local governments
1956
58
60
62
FISCAL YEARS
U.S. Department of Commerce
1961
Fiscal i
1962
estimate
Actual
° Estimate based on trend of recentt years
year:
III
IV
II
III
94.1
94.9
105.2
95.6
94.6
92.5
96.8
«99.7
42.1
21.7
13.8
16.6
43.2
20.1
13.6
18.0
46.5
24.6
14.3
19.8
43.5
20.3
13.8
18.0
43.1
20.0
13.8
17.6
42.6
18.6
13.3
18.0
43.6
21.2
13.6
18.4
44.5
na
14.0
18.7
91.9
96.9
105.4
94.2
94.2
98.0
101.1
102.5
52.9
45.8
22.7
21.2
1.6
54.6
46.8
25.7
24.2
1.5
59.7
51.2
27.4
25.8
1.6
54.0
45.4
24.0
22.7
1.5
53.0
45.7
25.3
23.7
1.6
54.7
47.2
26.5
24.8
1.6
56.6
48.8
27.1
25.7
1.5
57.4
49.0
27.8
26.1
1.7
6.5
6.5
7.5
6.2
6.0
7.1
6.8
6.4
6.8
6.6
6.4
3.0
4.0
4.5
Net interest paid
6.8
6.9
6.7
7.1
Subsidies less current surplus of government
enterprises
2.8
3.2
4.1
2.9
2.9
Surplus or deficit (— ) on income and product
account
-
2.2
1.4
0.4
e
I
Seasonally adjusted at annual rates
7.0
i1962 estimate from 1962 Budget Review.
6MI-4
1961
1960
Fiscal
Estimate from 7962 Budget Review
-2.0
-0.2
=estimate.
Sources: Bureau of the Budget, Treasury Department, Department of Commerce.
-5.5
-4.3
'-2.8
by ANNE N. PROBST
Consumption Expenditures in Recovery Phase
V^ONSUMPTION expenditures have ward, although at a somewhat less under one; the instability of the relamoved up since early this year, and as rapid pace than in the earlier period. tionship is such, however, that the
pointed out in the opening business The high growth rate of outlays for average is not typical of any particular
summary are now an important factor services has been maintained but, as set of years in the postwar period.
in current trends. The decline from may be seen from the chart, the propor- The slope has been well below unity in
the late 1960 peak was moderate, and tion of consumer expenditures for serv- more recent years, with the flattening
the 3 percent rise from the first quarter ices is now back to the 1929 proportion CONSUMER SPENDING AND CREDIT
1961 low brought third quarter outlays of 40 percent, after two decades of war
Consumers' Outlays Rise in 1961 as
to a new high. Early indications for and reconstruction distortions during
Services and Nondurables Reach New Highs
the final quarter suggest a further gain, which it has been much lower.
Durables Purchasing Improves but Low
paced by a rebound in auto purchasing
Volume Keeps Credit Extensions
Balanced With Repayments
from the relatively low summer volume. Buying and income
There has been considerable variation
$ (ratio scale)
Examination of the relationships of Billion
500
of demand in particular lines of busithe relative changes in consumption exness, and durable goods sales have on
Personal Consumption
penditures and its major components to 400
Expenditures
the whole been low relative to the
disposable personal income in the postcurrent level of income.
war period suggests that changes in 300
disposable personal income account for
Consumer purchasing over the cycle
nearly all the variation in total conIt is the purpose of this article to sumer purchases of goods and services. 200
Nondurables
analyze the current tendencies and the Indeed, the relationship is one of direct
longer-term structural changes in con- proportionality—i.e., on the average for
sumer purchasing of goods and services. the postwar period each 1 percent change
The chart clearly shows that fluctua- in income has been associated with a 1 100
tions in total consumer spending have percent change in expenditures. The
Services
80
been of limited amplitude around a relationship is quite stable, with only
growth tendency, though the durable minor deviations during cyclical turns,
60
goods segment shows a much more although wider fluctuations occurred
sensitive pattern than the other two during the Korean hostilities.
Durables
major segments. This volatility in
Nondurable goods demand has shown
40
total consumption is one of the major a high degree of constancy in its relacharacteristics of its cyclical pattern, tionship to income in the period since
30
and its declining relative size in recent Korea. The slope suggested by this
years is an important factor in the relationship is 0.75, with those for food
longer-run pattern.
and clothing somewhat lower, and those
60
INSTALLMENT CREDIT
Outlays for durable goods have not for other major nondurable goods
Extensions
been showing the buoyancy of the slightly higher.
40
earlier postwar period. Unsatisfied
Fluctuations around a logarithmic
demand for durables remaining after regression covering the postwar period
RepaymeJftS
30
World War II and the effects of the are appreciable in the case of durable
Korean hostilities no doubt had a lifting goods purchasing. Substantial deviaeffect on these purchases, although the tions are apparent in cyclical periods
20
I ... I ... I ... I . . i I ... I ... I ... I ... I ... 1 . i ..
cyclical swings have been pronounced and in response to Korean developments
1953
55
57
59
61
in each of the postwar recessions. In and the special factors in the 1955 autoQuarterly, Seasonally Adjusted, at Annual Rates
these same years consumer expenditures mobile market. The slope for the
Data: FRB & QBE
for nondurable goods continued up- 1948-61 period as a whole is slightly U.S. Department of Commerce. Office of Business Economics
61-11 — 13
7
11
SUEVEY OF CURRENT BUSINESS
12
noticeable in both autos and the furniture-appliance group.
Outlays for services do not respond
much to cyclical influences and relations
to incomes are highly unsatisfactory
since the correlations really are with
trends—the average growth rate has
been 7 percent per year.
Evaluation of current position
The course of consumption expenditures so far in 1961 has not been too far
out of line with their average relationship to after-tax income, considering
the cyclical as well as the trend posiTable 1.—Behavior of Consumption Expenditures During Postwar Cyclical Turns
[Percentage changes in seasonally adjusted data]
Consumption expenditures
Durable Nondurable Services
goods
goods
Total
A. From peak to trough in total consumption
1948-49
—3 0
14
1953-54
—7 1
03
05
1i
08
1957-58 .
-10.8
-0.1
3.1
-0.5
1960-61 .
-10.0
0.4
1.6
-0.5
10
B. From trough in total consumption to second following
quarter
12.1
2.6
2.2
0.8
1953-54 _
3.2
1.2
2.2
1.8
1957-58
0.5
2.2
3.4
2.5
1960-61—
7.4
1.6
3.6
3.1
1948-49
Source: U.S. Department of Commerce, Office of Business
Economics.
tion. This is also true of nondurable
goods spending as a whole, and for food
and clothing; gasoline and oil outlays
appear somewhat low. Durable goods
are somewhat below their average
postwar relationship with income, while
services are higher as would be expected
from the low position from which they
rose during the postwar period.
The deficiency in durable goods
purchases, as noted earlier, is attributable to both the automobile and parts
and the furniture-appliance groups.
While the downward deviation in these
durables is typical for early stages of
cyclical recoveries, the deviations in
1958 and 1961 were substantially larger
than in 1949 and 1954.
Outlays for furniture and equipment
have tended to follow residential construction activity, generally with a
short lag. The latter series peaked in
mid-1959, and the former in the final
quarter of that year. Both types of
demand fell through the first quarter
of 1961. The subsequent rise in furniture and equipment purchases has
been relatively less than in housing
investment.
Consumers' demand for services in
recent years of "catching up" has been
relatively stronger than the demand
for goods. Growth has not merely
been confined to those consumption
items which are classified as services.
Among goods, growth has been above
average for processed foods, new types
of fabrics, and other items which economize on such household services as
cooking and laundering.
The recovery of the service component of personal consumption expenditure—from the abnormally low war-end
position—is measured on the charts.
From 1948 through 1960 dollar expenditures for services were up 133
percent compared to 95 percent for
durables and 54 percent for nondurables; the rise in disposable personal
income was 86 percent.
Part of the explanation for this is
the more rapid price advance for services in the postwar period, about twice
as much as the rise in prices of either
durable or nondurable goods. Here
again, one must keep in mind the influence of price controls, their relative
incidence, and the different time periods over which they were lifted. Thus,
this represents in some measure a catching up of service prices from the war
restraints. After adjusting to constant
dollars, the expansion of service expenditures from 1948 to 1960 while substantially in excess of nondurable goods,
was not quite so large as the growth in
durable goods purchasing from its still
abnormally low level in 1948.
Table 2 presents these changes in
consumption and compares them with
the prewar period. In addition, the
period 1953 to 1960 is shown to avoid
the distortions of the early postwar
years. Again the greater rise in service
prices was present—twice as much as
the increase in goods prices—but even
after adjustment for price changes,
service expenditures advanced half
(November 1961
again as much as either durables or
nondurables.
Allocation of consumer dollar
The result of this differential movement in consumption expenditures for
the various goods and services in the
most recent period has been a change in
the proportion of the consumer dollar
expended for such items. Compared
with 1953, the consumer today is spending 7 cents more on services, and this
has been offset by a decline of 2 cents
on durable goods and 5 cents on nondurables.
As is shown in the chart, this shift
CHANGING DISTRIBUTION OF
CONSUMER SPENDING
Percent of Total
60
Nondurables
40
20
Durables
°3d quarter
I I I I I I I I I I I 1I I
1929
41
48 50
U.S. Department of Commerce, Office of Business Economics
55
60
61 — 11-14
from goods to services has been quite
pervasive; the overall result is only to
a small extent the result of diverse and
offsetting trends.
Among the nondurables, the portion
of the dollar spent for food has shown
the largest decline in the last 7 years,
falling by nearly 4 cents. It must be
noted, however, that the largest share
still goes for food—almost 21 cents.
Clothing and semidurable housefurnishings also have declined in relative importance—the former by about 1 cent.
Increases in the shares spent for gasoline
and oil, and for drugs, cosmetics, and
nondurable toys and games were not
enough to offset the declines in the other
more heavily weighted types of nondurables. After a sharp rise in the
early postwar years, the proportion
allotted to gasoline and oil has tended
to level off—i.e., dollar expenditures for
November 1961
these products are now moving in line
with total spending.
The overall durables pattern is somewhat clouded because of the part
played by automobiles. As is shown
in the chart, the proportion of expenditure going to autos and parts has
shown considerable volatility and very
little trend, though perhaps slightly
downward, in the last 7 years. Furniture and household equipment outlays
have had a downward drift, but this
has been offset by an advance in other
durables which include such items as
jewelry, toys, and ophthalmic products.
Thus, the share going to all durables is
currently slightly below the average in
the postwar years.
Among the services, all of the major
groups except personal services and
transportation show rising proportions.
Interest payments and medical care
have shown larger-than-average growth.
Over the longer term, however, it may
be noted that the consumer in 1960
spent about the same proportion of his
consumption dollar on services as he
spent in 1929 (see chart). The services proportion rose in the early depression years of the thirties, then
generally fell until the end of World
War II, and has risen since.
The distribution of the service dollar,
however, has changed significantly in
the three decades since 1929. Among
the more important shifts was the
declining relative importance in rent
paid by tenants, and the increasing
proportion of imputed rent as home
ownership grew. In aggregate, however,
housing in current dollars takes almost
two cents less of the current consumer
dollar than it did in 1929. This reduction has been offset by increases of
one cent each for medical care and
household operation (more particularly
for the enormously increased services
provided by gas, electricity, and telephone facilities).
SURVEY OF CURRENT BUSINESS
13
SHIFTS IN SPENDING PATTERNS
With Only Few Exceptions, Services Take Increasingly More, and
Goods Less, of the Consumer Expenditure Dollar
Cents per Consumer Dollar
26
CONSUMER GOODS
SERVICES
24
22
20
Housing and Household
Operation
V
18
16
10
Clothing
/
*****«••
Autos and Parts
Personal Business
V
Furniture and
House Furnishings
\
Medical Care
Auto Services
Rec/eation
Goods and services by function
A different and illuminating perspective of developments in consumer
demand is obtained by comparing
goods and services by function or
within related budget groups. It
should be borne in mind, however, that
Purchased Transpoistation ^
• Books, Toys, & Sporting Goods
I
1953
I
55
I
I
57
I
59
I
I
1
61
U. S. Department of Commerce, Office of Business Economics
1953
I
I
55
I
I
57
l
i
59
l
t
61
61-11-15
SURVEY OF CURRENT BUSINESS
14
while the following discussion is concerned with categories accounting for
a significant proportion of all consumption expenditures, many important
items in the consumer budget cannot
be so grouped.
The data indeed suggest that to a
large extent the recent differential
trends in goods and services are
attributable to those groups where subsitutability between goods and services
is quite limited. Food expenditures
is one of these, and as one would
expect, it has risen only slightly more
in real terms than has population.
The high priority food outlays grow
relatively slowly with conditions of
adequate supply, and these have a
large weight (in dollar terms accounting
for over two-fifths of goods expenditures.) The steady progress in such
purchasing is of importance in the
comparative advance in aggregate goods
relative to services. In marked contrast are the rapid increases in spending
for personal business (which includes
such items as interest on debt, life
insurance expenses, and bank service
charges), foreign travel, and private
education.
The chart gives certain broad comparisons of related goods and services,
grouped by budget function. Special
note should be taken of the dual scales,
which in the case of clothing and jewelry, for example, is 10 to 1 for goods.
Within many of these categories—
transportation, recreation, arid clothing—the goods component has been
rising relatively faster than services.
In the case of recreation, for example,
purchases of commodities such as
television sets, phonographs, records,
and toys have shown strong postwar
growth both in dollars and in physical
volume, while admissions to motion
pictures and spectator sports have
tapered off, holding down the service
component. The differential movements within groups reflect in large part
the substitutability of some goods and
some services.
On a volume basis, clothing expenditure has kept pretty well in line with
the growth of population though as
evident from the preceding chart it
has constituted a continually declining
share of consumer outlays. On the
other hand, the much less important
category of services related to clothing—which include such categories as
shoe repair, and cleaning and laundering
of clothing—while rising in dollar terms
have actually declined in real terms.
Such developments as the increase in
home laundry equipment, the spread of
lower cost self-service cleaning and
laundering establishments, and improved fabric finishes which require
less professional care, have all been
material factors in this maintenance
category.
The greater rise in the goods portion
of transportation expenditures, and
more particularly automobiles and parts,
has been a major factor in the picture
shown in the top right grid, even
though there has been some weakness
in new car sales at times. The growing
stock of cars has provided a ready
substitute for many forms of mass
transportation, and declines in purchased transportation have been sharp
in real terms. Airline travel has, of
course, been a conspicuous exception.
Those services associated with useroperated transportation, such as auto
repairs and auto insurance, are responsible for the recent growth in total
transportation services.
The growing importance of the compact cars in the auto market is beginning to have its impact on the distri-
Table 2.—Changes in Personal Consumption Expenditures, 1929-60
Constant (1954) dollars
Current dollars
1929-48
1948-60
1953-60
1929-48
1948-60
1953-60
Percent change
Total
Durable goods
Nondurable goods
Services
_
-
_.-
126
147
162
77
Source: U.S. Department of Commerce, Office of Business Economics.
84
95
54
133
41
35
29
62
56
66
61
45
50
70
35
65
27
26
20
37
'November 1961
bution of transportation costs. As the
penetration of compact sales has
mounted, the average price paid for
new cars has fallen for the first time
since the mid-fifties and is having an
effect upon total auto expenditures.
Moreover, the fastest growing component of total consumer spending for
user-operated transportation in the
postwar period has not been automobile
sales, but rather their operation and
maintenance. The recent tendency of
buyers not only to veer toward the
economy cars, but concurrently for
some purchasers to exhibit a preference
for the more luxurious, dressed-up
models suggest that the purchase of a
car is considered as a flexible investment in transportation. The initial
cost of a car is only a part of the total
transportation bill. The compact car
buyer hopes to make savings, not
merely on the purchase price, but on
expected reductions in gasoline, depreciation, repairs, taxes, and insurance
costs. To the extent to which these expectations are realized and consumer
acceptance of the smaller cars grows,
the proportions allocated to autos,
gasoline and oil, and transportation
services will of course be affected.
Housing and household
lake large share
operations
The chart also shows groups which
are more characteristic of the overall
trend. Services related to housing
and household operation, which account
for almost one-half of total outlays
for services, have far outstripped household goods in postwar growth. Part
of the reason for the marked differential
in the rate of growth of these services
and goods stems from the way in which
the items are classified. First, and
importantly, over 18 million new units
have been added to the housing supply
over the period shown in the chart.
The purchase of a residence is considered as an investment and not included with the purchase of consumer
durable goods. The value of rent
imputed to owner-occupied housing is
classified as a service along with the
rents actually paid. Since this is not
only a large item, but growing rapidly—
owner-occupied homes have increased
from about 50 percent to 60 percent of
the increased stock of housing in the
November 1961
postwar period—a vigorous upward
push is given to what is classified as
services.
The other purchases in this service
group include spending for such items
as gas and electricity, which have shown
rapid growth in the postwar period,
mainly through the large increase in
volume. Prices of electricity have
declined over the period when measured
in terms of average cost per kilowatthour consumed. The rise in the purchase of electric power can thus be
attributed completely to increased
volume. As the number of household
appliances run by electricity has increased, and electric power has been
substituted for other forms of energy,
the number of residential customers
has risen about two-thirds over the
postwar
period while residential
electric power consumption has risen
over fourfold.
Outlays for gas have also increased
sharply over the postwar period as the
installation of large interstate gas
pipelines has brought natural gas into
most metropolitan markets. This development and that in electrical use
have both tended to lower consumer
expenditures for coal and ice which
registered volume declines over the
postwar period—an instance where
"services" have been substituted for
goods.
Both goods and services in this group
are related to the number of households, but both have expanded more
rapidly in volume. However, this
should not be too surprising since expenditures for housing and household
equipment do not consist merely of
first-time purchases by new households; they also include replacement
purchases by existing familly groups
and quality increases in both housing
and its equipment.
Emplacement and obsolescence currently play major roles in the case of
such older types of applicances as
refrigerators and stoves—accounting
for the bulk of their yearly sales. For
instance, while the number of nonfarm
dwellings increased about 12 million
since the early 1950's, the number of
refrigerators sold in the same period
was over 35 million. In addition, replacement demand expands with the
growth in consumer stocks. Since the
15
SURVEY OF CURRENT BUSINESS
average life of a house exceeds that of
the "acceptable life'' of most home
products, this factor would not contribute as much of an upward push to
housing services.
Another reason why this group of
expenditures has been rising faster than
the number of households has been the
introduction of new products and
changing patterns of household life.
The initial spurt in buying of items
such as home freezers and clothes driers
as they first appear on the market has
tended to give a boost to total goods
buying. As the market for these products matures, however, the maintenance
and repair costs gradually swing the
balance toward service outlays.
Quality improvements are also partially responsible for the rise in household goods and services. But here as in
many other instances the growth of
"real" family income is important. In
the case of housing this quality factor is
especially important, since consumers
have been able to buy higher quality
residences as real disposable personal
income has increased. The average
price for kitchen appliances over this
period has declined, so that dollar
spending for these items has grown
relatively less than the volume of
purchases.
Quality improvements, rising incomes, and the spread of hospitalization
and medical insurance are among the
factors behind the rise in medical care
expenditures, with the increasing use of
the newer more expensive but highly
effective drugs. The great spread of
hospitalization insurance by employers
is increasing; this and the spread of
medical und hospitalization plans have
been instrumental in providing a large
EXPENDITURES FOR SELECTED GOODS AND SERVICES, BY FUNCTION
Growth Rates in Goods Purchasing Are Frequently
Higher Than in Related Services
Billion $ (ratio scale)
70
60
50
.. HOUSING AND
OPERATION
Biliion $ (ratio scale)
HOUSEHOLD
40
30
20
Goods
PERSONAL CARE
10
40
CLOTHING AND J E W E L R Y ,
Services
(right scale)
30
20
20
MEDICAL CARE
15
Services
(right scale)
10
Goods
(left scale)
1947 49
51 53
55
57
59 61
U. S. Department of Commerce, Office of Business Economics
1947 49
51 53
55
57 59
61
16
SURVEY OF CURRENT BUSINESS
(November 1961
the 18-24 year group in 1947 to 21
percent in 1960. The number of persons in this age bracket is just getting
back to the 1947 level, having declined
through 1952 and risen steadily since.
The recent rise in the college age group
has accelerated the growth in outlays
for private education. The rise in current dollars has been much sharper as
tuition costs have advanced substantially. The steadily rising contributions by Government units to education
is, of course, not included here.
Growth in personal business outlays
proportion of the population with medical care and hospitalization on a partly
prepaid basis. The larger base, more
adequate care, and increasing costs have
all tended to substantially increase
outlays for medical care and created
demand for constantly expanding
facilities.
The upward movement in the volume
of private education expenditures in the
postwar period is due primarily to the
larger proportion of young people enrolled in college—from 15 percent of
Table 3.—Consumption Expenditures: Distribution by Major Groups
1929
1948
1939
1953
1960
3dqtr
1961
(Percent of total)
100.0
Total goods and services *
Durable goods
Autos and parts. _ __
._
Furniture and. household equipment
Other
Nondurable goods
Clothing and shoos
Food and alcoholic beverages
Gasoline and oil
_._
Semidurable house furnishings
Tobacco
Other
Services
_
_ _
_
_
Household operation
Housing
_
Personal services
Recreation _
Transportation. _
Other
_
. ._
__.._
_.
._
_.__._._
100.0
100.0
100.0
100.0
100.0
11.7
9.9
12.7
14.1
13.5
12.4
4.1
6.0
1.5
3.2
5.2
1.5
4.1
6.7
1.9
6.0
6.3
1.8
5.7
5.7
2.1
4.8
5.5
2.1
47.7
52.0
55.4
50.7
46.3
45.8
11.9
24.7
2.3
10.6
28.4
3.2
11.3
31.4
2.5
9.4
28.0
3.2
8.5
24.3
3.5
8.4
24.0
3.4
0.9
2.1
5.8
1.0
2.6
6.2
1.3
2.3
6.5
1.1
2.3
6.6
0.9
2.3
6.7
0.9
2.3
6.7
40.6
38.1
31.9
35.2
40.2
41.8
5.1
14.5
2.3
5.6
13.3
2.1
4.5
9.9
2.2
5.0
11.8
1.9
6.0
12.8
1.8
6.2
13.1
1.9
2.1
3.2
13.3
2.3
3.0
11.8
2.1
3.3
9.9
1.8
3.5
11.2
1.9
3.2
14.4
2.0
3.2
15.3
i Detail may not add to total because of rounding.
Source: Office of Business Economics, Dept. of Commerce.
The category of consumer expenditures labeled personal business includes
outlays for many household financial
transactions such as interest payments
on consumer debt, brokerage and bank
charges, life insurance, legal expenses
and others. The increased share of
such outlays in total consumer spending
is attributable in large part to the
growth of interest charges on consumer
debt. Such payments have shown a
threefold rise over the postwar period
and have been one of the fastest growing components of consumer spending.
This large increase is, of course, associated with the growth in borrowing
relative to purchases. In 1948 consumer borrowing on durable goods represented almost one-half of consumer
expenditures for such goods; in 1960
such borrowing accounted for almost
three-fourths. Over this period there
was also an increase in the average term
of consumer installment loans which
further affected interest charges.
The growing personal use of banking
facilities and heightened public participation in the financial markets were also
responsible for some of the increase in
personal business outlays. The steadily
rising volume of life insurance programs, many sponsored under labormanagement contracts, has further
contributed to this growth.
Expansion of Government Programs
(Continued from p. 10}
State and local expansion to continue
Purchases of goods and services by
State and local governments would, on a
continuation of recent trends, exceed
$53 billion in the present fiscal year.
Increases in purchases by these governmental units have been steady and have
averaged more than $3K billion over
the last 5 fiscal years. Payrolls accounted for the largest share of this
advance, reflecting both higher wage
rates and the increasing work force.
New construction outlays for highways, schools, and sanitary facilities,
and other purchases from business—
equipment, supplies, and services—have
also shown a persistent uptrend. In
addition, steady rises have been registered in the other expenditures of these
units, mainly transfer payments and
interest.
A substantial increase in State and
local tax bases will materialize if the
economic assumptions underlying the
Federal Budget estimates are met.
State and local revenues will rise in
addition because of increased tax rates
and the upturn in Federal grants-in-aid.
With total spending of State and local
governments continuing in excess of
total receipts, a deficit on income and
product account of about the same size
as the 1961 fiscal year deficit is expected.
BY JOHN A. GORMAN
Corporate Financing in 1961 and in Recent Business Cyclesinvestment Potential Increases
JL HE rapid advance in production
during the spring and summer quarters, featuring sharp increases in corporate activity and profits from the
cyclical low of the first quarter, was
accompanied by the usual marked
changes in assets and liabilities. Management made a sharp reversal in inventory policy, and there was an increase in other working capital investment. Plant and equipment programs
have firmed up with advancing business, but, as would be expected in the
initial period of cyclical advance, the
indicated rise has so far been moderate.
These investment expenditures have
been financed without difficulty by:
(a) the recovery in internally generated
funds as profits turned upward after
the earlier sharp downturn; (b) new
stock and bond issues made on generally favorable terms; and (c) normal
increases within the corporate structure in accounts payable as sales moved
ahead. The last item is reflected in the
nonconsolidated statistics given in table
1. Items (a) and (b) would remain in
a consolidated statement for the corporate sector. The funds from these
sources more than covered investment
requirements and there was a substantial increase, as usual at this cyclical
stage, in corporate holdings of liquid
assets.
Developments are thus the reverse
of those which occurred during the business downswing in late 1960 and early
1961, when corporations engaged in
substantial inventory liquidation as
sales weakened, and outlays on plant
and equipment declined as the utilization of existing facilities fell off. Over
the same period customer credit and
bank loans also declined and the internal flow of funds shrunk. New bond
and stock issues, however, continued
to be floated successfully and liquid
616239—61i
3
assets were comfortably maintained in
the aggregate.
Corporate financial behavior in the
recent decline and recovery has, in
general, conformed to the pattern
observed during similar periods in the
past. The principal exceptions to this
generalization have been in the behavior
of inventory investment and in the
volume of bond issues.
The recover}^ in inventory buying
came much earlier than in previous
periods of economic recovery. Firms
started accumulating inventories during the quarter in which economic
activity first moved up; in earlier
recovery periods the buildup in inventories was not pronounced until
the second or third quarter or more
CORPORATE UQUiDITY
Unchanged in 1961
Adjustment From Abnormally High Early
Postwar Years Completed
Percent
1001
Ratio of Liquid Assets*
to Current Liabilities
80
60
after the low point in business activity.
During the current upswing, very
heavy bond flotations occurred in the
months immediately following the low
point in economic activity, whereas
in previous cycles, the heaviest bond
flotations had occurred prior to the
recovery.
Corporate investment rising
The inventory advance during the
spring and summer quarters was widespread, but the rise was most marked
among durable goods industries, to
which the previous liquidation had
been confined. Nondurable goods inventories continued to increase throughout the recession and recovery period.
The marked rise in customer receivables
which accompanied the increased volume of production mainly reflected
credit advances within the business
community. There was little increase
in consumer financing during this
period.
Plant and equipment outla}^s showed
some evidence of advance during the
past 6 months, although during the
third quarter they were still below
their prerecession highs. In the past
plant and equipment spending tended
to lag behind the upward movement in
general business activity, and one of the
important factors in further business
expansion will be the strength which
develops in this investment segment.
40
Sources of corporate funds
20
I
1945
I
I
I
I
I
I
I
I J
50
I
55
60'
June 30
*Cash, deposits, and'U.S. Government securities.
U.S. Department of Commerce, Office of Business Economics
61-11-
Corporate profits, after hitting a low
of $40 billion at annual rates in the first
quarter, recovered to $45 billion in the
second, and the advance has continued
into the third. With dividends stable,
and taxes taking as usual about half
the pre-tax profit rise, the other half of
the increase in profits was retained for
corporate use. Over the same period,
17
SURVEY OF CURRENT BUSINESS
18
the steady rise in depreciation charges
on the growing capital stock also contributed to the enlarged cash flow,
which moved up nearly $5 billion during
the second and third quarters.
The increasing volume of accounts
receivable was largely offset by a
corresponding rise in trade payables, as
such transactions are largely within the
corporate sector. From the standpoint
of the individual corporation, however,
such items represent either net drains
upon or additions to their capital, just
as in the case of any other debt. As in
the same stage of previous expansions,
the upsurge in these items was somewhat greater than the rise in sales.
There was relatively little change in the
liabilities of corporations to commercial
banks.
New security issues during the second
quarter were especially heavy; over
$3^ billion of bonds and notes were
issued, along with $1% billion of stock.
This was the heaviest total of bond
issues since the beginning of 1958, as
firms anticipated future requirements
or refinanced outstanding debt while
borrowing costs were favorable. As
pointed out earlier, bond flotations
tend to be heaviest before recovery;
the atypical behavior in recent months
may have been due to the quick upturn
in business. Considering the time necessary between the decision to issue
bonds, and the actual flotation, the
heavy sales during the second quarter
may have reflected decisions made
during the downward phase of the cycle.
In this latter connection, it is noteworthy that the volume of bond issues
declined to $1% billion in the third
quarter—a more normal rate for this
phase of the cycle than the $3% billion
of the second quarter.
Liquid assets rise
There has been a sharp spurt in
corporate liquid asset holdings over the
past 6 months. During the spring
quarter, corporate holdings of cash and
short-term Treasury securities showed
a slight rise at a time of the year when
there is usually a seasonal decline of
$l%-2 billion. During the summer,
when these holdings typically show only
a moderate rise, corporations increased
their holdings sharply.
Table 1.—Sources and Uses of Corporate Funds, Annual, 1957-60; Half Years, 1957-61 1
[Billions of dollars]
1957
1958
1959
1st hall
1960
1957
2 d l lalf
1958
1959
1960
1961
1957
1958
1959
1960
Sources, total
42.5
39.5
54.7
43. 6
18.0
12.6
26.9
21.7
19.9
24.5
26.8
27 8
21 9
Internal sources, total_
Retained profits 2
Depreciation. ._ _ -.._
28 0
8.9
19.1
26 0
5.7
20.3
30 6
9.1
21. 5
30 3
7.4
22 9
14 6
5.2
9 4
11 9
1.9
10 0
15 9
5.3
10 6
15 6
4.3
11 3
15 3
3.3
12 0
13 4
3.7
9 7
14 1
3.8
10 3
14 6
3. 7
10 9
14 7
3.1
11 6
External long-term sources, total
Stocks
_
__ _ __
Bonds
OtheT> debt
11.9
3.5
7.0
14
11.0
3.6
5.9
15
9.5
37
4.1
17
9.6
30
5.0
16
6.1
2 2
3.3
6
5.6
18
3.2
6
4.6
2 1
1.8
7
4.5
16
2.0
9
6.0
2 8
2.7
5
5.8
13
3.7
8
5.2
1 8
2.6
8
5.1
1 6
2.3
1 2
5.2
1 4
3.1
7
6.4
1. 6 -1.4
5
1 i — 10
7
3 5
13
.5 -2.4 -2.1
1. 9
1.0
16
5.3
—1 3
2 8
2.9
.9
7. 5
1 9
1 9
3.2
.5
8.1
30
3 2
1.8
.1
9
4
9
.9
— 1
Short-term sources, total
Bank loans
Trade payables __
Federal income tax liabilities
Other
2.6
2.7
3
2.4
3.8
-2.2 -2.5
2.1
1.8
35.3
51.9
41.2
16.4
8.4
25.9
19.9
19.5
23.9
26.8
26.0
21 3
34.8 24.0
32.7 26.4
2 1 —2 4
33.4
27.7
5 7
33.8
30 8
30
17.8 10.9
15.6 13 0
2 2 —2 1
17.4
12.8
4 6
18.5
14 6
3 9
15.2
14. 7
5
17.0
17. 1
13.2
13.4
16.0
14. 9
1 i
15.2
16 1
— 9
11.2
6 7
— 3
7.0
18.5
12 2
2 6
9.6
7. 5
-1.4 -2.4
8
2 2
i6
— 5
2.3
2.7
8.6
6 2
1.4
3 7
4.3
2 7
1 6
4.3
6.9
2 3
1 5
.8
13.7
5 9
1 3
4.6
10. 0
6 0
2 6
3.4
6.1
4 0
1 9
2.1
.4 — 4 . 4 -1.1
3.6 -3.1 -4.2 -4.4
_ 2
-.5 -1.5 -2.6 -.8
-2.0
1.9 -1.8 -.3
3'. 8
|-2.2 -3.9
1.2
2.0
.6
2. 1
2.7
2.7
2.9
3.9
2.1
1.8
7. 1
3.0
4.1
3.2
1.3
1.9
.8
1.3
2.4
-1.1
.8
40.3
Uses, total
Increase in physical assets, total
Plant and equipment
Inventories (book value)
Increases in financial assets, total _ _ _ 5. 5
4 5
Receivables
9
Consumer
Other
-_ _
3.6
Cash and U.S. Government
-.3
securities
.1
Cash (including deposits) „._
U.S. Government securities^ -.4
1.3
Other assets
Discrepancy
sources)
(uses less
14.6
3.7 -2.7 -4.9
1 6 —2 3
3 5 1 5
6 7 2 2 — 4
19
2.4 -1.5
-5.1 -5.8
1.3
1.2
2.0
1. 5
-2.2
2.6
2.5
.1
1.9
-4.2 -2.8
17
6.0
(3)
6.1
3.9
-d
-2.4
-1.6 -4.2
-.9 -1.8
-.4
(3)
-1.9
-.6
1
Excludes banks and insurance companies.
2
Includes depletion.
s Less than $50 million.
Source: U.S. Department of Commerce, Office of Business Economics, based on Securities and Exchange Commission,
and other financial data.
November 1961
As a result of the increased holdings
of cash and Treasury securities, corporations maintained their liquidity in
the face of rising operations. (See
chart on page 17.) The chart also
shows that there has been a marked
downtrend in the conventional liquid
asset ratio—cash and U.S. Treasury
securities divided by current liabilities—since the end of World War II.
The pace of the decline has slackened
considerably in the past few years,
however, and present ratios are not substantially below those ruling at the
same stage of the previous cycle. Further, the transition to a tax payment
schedule more closely alined with the
accrual of tax liabilities has reduced one
of the major liabilities against which
liquid assets are held.
If tax reserves were deducted from
both sides of the accounts, there would
be no significant downtrend in the
ratio of liquid assets to current liabilities during the past 5 years.
Financial conditions easy
Despite increased demands by corporate and other borrowers on the money
and capital markets during the second
and third quarters, the upward movement of interest rates was moderate in
comparison with those experienced during the recoveries of 1958-59 and
1954-55.
The relative ease in the financial
markets reflects the attempts of the
monetary authorities to facilitate continued recovery by keeping the money
market in a position favorable to
borrowers. Reserves made available
by the Federal Reserve System have
been adequate to support a $1 billion
increase in demand deposits and a $7%
billion expansion in savings and time
deposits, while maintaining net free
reserves at $% billion since the beginning of this 3^ear. At the comparable
stage of the 1958-59 rise, after a lesser
rise in deposits, net free reserves had
fallen to about $0.1 billion. With
business loan demand low until recently, the banks stepped up their investment in short-term Treasury securities,
State and local bonds, and mortgages.
Corporations were active on both
sides of the money and capital markets
throughout the recovery and, as the
period progressed, funds supplied by
SURVEY OF CURRENT BUSINESS
November 1961
corporations tended to increase relative stemmed principally from a higher
to their demands. With corporations capital stock, but changes in accounting
supplying funds to the short-term methods have also played a role. In
market, and borrowing from the long, the past 4 years, however, the increase
long-term interest rates rose, while in charges has approximately paralleled
short-term yields showed little change. the stock of capital, as the effect of the
Stock market prices have risen over more liberal provisions of the 1954 Inthe recovery period at a faster pace ternal Revenue Code has been offset by
than earnings. The common stock the completion of amortization on faciliearnings-price ratio is very favorable ties installed under the Korean War
to equity financing and funds seeking program. With the latter factor of
equity investments are ample as indi- minor importance in recent quarters,
cated by all the stock market price depreciation charges are again rising
averages. Corporate earnings and divi- faster than the capital stock.
dends have never been valued at such
The adequacy of present depreciation
high levels during prosperous periods. allowances is being reviewed by the
Administration. In the past few weeks,
Depreciation allowances
for example, it has moved towards
Depreciation allowances have moved greater liberalization by reducing the
steadily upward. (See chart on page 23.) writeoff period for the textile industry
The growth in capital charges has from 25 to 15 vears.
19
tively smaller. Funds available from
internal sources declined sharply, as did
short-term borrowing, but long-term
flotations increased to take advantage
of improved borrowing terms. There
was relatively little change in liquid
asset holdings over these periods. The
1960-61 recession generally conformed
to this pattern though the changes were
smaller due to the mildness of the
decline.
FINANCING COSTS
Common Stock Yields Move Down
Percent
12
STOCKS—Industrial Corporations
Corporate Financing During Cycles
The chart on page 29 illustrates the
behavior of corporate sources and uses
of funds during recession, recovery, and
expansion periods. The recessions and
recoveries have been most evident in
working capital uses, short-term borrowing, and internally generated funds.
Movements in plant and equipment
spending have tended to lag in the
business cycle, as has recourse to external long-term sources. With internal sources rising before capital outlays,
corporations increased their liquid assets
in recovery; at other periods they drew
on these assets.
The business recessions and recoveries experienced during the years since
the war do not exactly span 12-month
periods, but the absence of seasonally
adjusted data requires the use of annual
totals for analytical purposes. Since
the most recent recessions have begun
around midyear, the typical behavior of
corporate financing dm ing the cycle
since 1953 can be more adequately
illustrated by data covering years ended
in June rather than December.
In the discussion which follows, the
term "recession year" is applied to the
four quarters which include the recession phase of the cycle; i.e., calendar
year 1949, and the years ended June
30, 1954, 1958, and 1961. "Recovery
year" in like manner characterizes the
four quarters during which economic
activity regained and moved beyond
the prerecession totals; i.e., calendar
year 1950, and the years ended June
30, 1955 and 1959. The term "expansion" refers to periods following the
recovery and preceding the subsequent
contraction.
It is recognized that the output recovery in the economy in the second
quarter of 1961 more than made up for
the decline of the preceding three
quarters. However, this does not apply
to most of the items included in the
stud}" of corporate finance. For this
reason, we have considered the 12
months ended June 30, 1961, as the
recession year comparable to the 12
months ended June 1958, and June
1954.
Comparison of data for the
periods ended March 1960 and March
1961 yielded results little different from
those shown in the chart.
The pattern during business
recession
Every postwar business recession has
featured sharp reductions in working
capital investment, while declines in
fixed capital spending have been rela-
0
! I I I 1 1 1 I 1 I I
I . i .1. . . I i . i i . .
interest Rates Show Little Change
4
-
3 Months
Treasury BI//S
, , , | , , , 1 , , , 1 , ,,
1951
53
55 57
Annual
59
61
1958 59 60
Quarterly
61
Note: 1961 is 9 months average
Data.- Moody's
U. S. Department of Commerce, Office of Business Ec<
The sharp swing from inventory
accumulation to liquidation which was
characteristic of each postwar recession
was reflected in substantially reduced
working capital requirements. The $l/2
billion of inventories liquidated during
the four quarters ended June 1961, for
example, meant a $5/2-billion reduction
in financing from that associated with
the $5-billion buildup of the previous
four quarters. Credit granted to customers totaled only $6% billion during
SURVEY OF CURRENT BUSINESS
20
fiscal 1961,
as compared with $10
billion the previous year. Lower working capital needs were reflected in
reductions in borrowing through shortterm bank loans and in trade payables
as sales dropped. During the 1961
recession, there was $% billion of net
short-term borrowing, in contrast to
the $9K billion borrowed from these
sources during the previous year.
Corporations tended to cut back on
capital spending during the downturns,
although the decline in fixed capital
outlays was much smaller, and slower,
than that in working capital uses.
Plant and equipment investment fell off
much less during the 1960-61 recession
than in earlier ones. In addition to the
mildness of this most recent decline in
business, this reflected the fact that the
1959-60 rise in capital outlays was
sluggish and failed to top the previous
high.
CORPORATE FINANCING
Short-Term Borrowing Mirrors Working Capital Changes
Billion $
30
Inventories and
Receivables
20
-
10 —
i
'
'
i
i
I
External Long-Term Sources Move With Plant and Equipment Spending,
With Internal Funds Leading
10 -
External Long- Term Sources
0
Liquid Assets Swing
10
Liquid Assets
i
-10
194647 48 49
50
5!
52
Calendar Years
U. S. Department of Commerce, Office of Business Economics
53 54
55
56
57
i
i
58 59 60
i
61
62
Years Ended June 30
61-11-10
November 1961
The principal components of internally generated funds behave in opposite
fashion during recessions: undistributed profits fall and depreciation allowances rise. Each postwar recession had
a severe impact on before-tax profits;
the $3-billion decline in fiscal 1961 was
not as great as that experienced in
earlier recessions, partly because this
period included one quarter of vigorous
recovery. Except in 1954, when the
repeal of the excess profits tax served to
maintain after-tax earnings, about half
the dollar decline in pre-tax profits
was reflected in retained earnings as
corporations generally maintained
stable dividend payout policies during
these periods.
In part, the retained earnings decline during periods of recession has
been offset by a rise in depreciation
allowances stemming from continued
growth in the capital stock. During
the fiscal year 1961, for example, such
allowances rose $1)2 billion.
Corporations tend to increase their
gross long-term borrowings in periods
of recession to improve their debt
structure and to meet continuing capital needs, which, though reduced, are
still large. The step-up in bond flotations reflects also the impact on
corporate financing policies of the lower
interest rates ruling during recession.
There are increased flotations to repay
previously incurred bank debt, and to
refinance outstanding bonds into instruments bearing lower interest rates.
As noted earlier, such borrowings
peaked after the low point of the 196061 recession had been passed.
There has been little change in corporate liquid asset holdings in recent
recessions; however, each recession since
the early 1950's has featured a shift
in composition from U.S. Treasury bills
to time and other bank deposits as the
cost of holding cash declined and as
companies took advantage of differential movements in interest rates. For
example, during the 1960-61 recession,
corporate holdings of U.S. Treasury
securities were reduced $1% billion,
while their holdings of bank deposits
were increased b}^ a like amount.
During the same period some corporations took advantage of differential
movements in domestic and foreign
November 1961
interest rates by temporarily investing
some funds in short-term foreign securities.
The pattern during recovery
The recovery phase of recent cycles
has featured a reversal from decreases
to increases in inventory holding, customer credit, and associated borrowings. Fixed capital spending normally
turns up rather late in the recovery
period, but it tends to average lower in
this period than during the downswing.
Retained profits and total liquid asset
holdings tend to move up sharply.
Comprehensive sources and uses data
on the current recovery will not be
available for some time. Such data as
are now at hand indicate that the current advance is generally similar to
earlier ones differing mainly in the faster
rate of advance in working capital and
in the generally easier tone of the money
and capital markets which have generally accommodated their needs to
date. While the current advance may
not duplicate previous rises exactly,
it may be of some interest to review the
experience of the 1958-59 recovery.
Inventories rose $4% billion during
the 12 months ended June 1959,
and customer credit accomodation
amounted to over $12 billion in that
period. These sharp advances in working capital requirements during the
recovery period were accompanied by
rises in short-term bank loans and in
trade accounts payable. During the
1958-59 recovery, the total of such
short-term borrowing aggregated $8
billion.
Although plant and equipment outlays started rising in the fourth quarter
of 1958, such spending aggregated only
$26 billion during the 12 months ended
June 1959—off $4 billion from the
previous year. With profits reflecting
improved business conditions, retained
earnings increased $3% billion, while
capital consumption allowances rose
another $1# billion. With funds from
internal sources rising and little incentive to refinance outstanding bank debt
because of rising interest rates, bond
issues declined $2% billion.
These developments permitted substantial acquisitions of liquid assets
during the recovery phase. In the four
quarters
ended June 1959, corporations
SURVEY OF CURRENT BUSINESS
acquired $1% billion of bank deposits,
and $6 billion of Treasury securities.
The pattern during periods of economic expansion
With the economy now continuing
to advance beyond previous peaks, it
may be of some interest to review the
experience of similar periods, as shown
in the data on the sources and uses of
corporate funds. During the economic
advance corporations tend to build up
their inventories and extend credit to
their customers in line with the expansion of sales, and short-term borrowing
tends to follow the behavior of working
capital needs. As economic expansion
continues, corporate investment in new
plant and equipment picks up. During
the expansion phase profit margins
tend to come under some pressure, and
retained earnings cease to grow although
capital consumption allowances continue to rise with the depreciation base.
This slowing in the growth of internal
21
funds as investment in fixed productive
facilities rises is reflected in increased
issues of stocks and bonds, as well as in
reductions in the volume of liquid asset
holdings.
During earlier periods of sustained
expansion, interest costs generally have
advanced as bank reserve positions
tightened. The funds available from
non-bank institutional lenders were
substantially unchanged.
As the
economic expansion continued, corporations found it more difficult to borrow
the amounts in excess of internal funds
needed to finance expanding investment
programs, and met their needs in part
by drawing on liquid assets accumulated
during the earlier recovery phase.
As noted earlier, the authorities have
in recent months kept the money
market in a position favorable to
borrowers, and, at the end of the third
quarter, corporations were in a generally
liquid position.
Investment and Financing by Industry
The mining, manufacturing, and
trade industry groups accounted for the
bulk of the sharp rises in inventories,
customer credit, and internal funds
which occurred in the current recovery.
Fixed investment by these firms has
so far shown but little increase, and
they added substantially to their liquid
assets.
Fixed capital spending by the public
utility and communications groups
while showing little rise, have remained
high. They drew heavily on the capital
market during the second quarter, using
the proceeds to meet their capital
needs, to refinance higher-cost debt, and
to build up their liquid asset holdings,
at least temporarily. Finance companies' lending operations showed little
increase during this period, and these
companies improved their liquidity
position by reducing bank debt.
In discussing the behavior of the different industries in business cycles, it
is recognized that the manufacturing
and trade groups hold the bulk of all
corporate inventories, and cyclical fluctuations associated with accumulation
and liquidation of inventories are largely
confined to these industries. Moreover,
cyclical movements are very important
in industries producing and distributing
durable goods. As a result, the cyclical
behavior of corporations described earlier is to a large extent determined by
the manufacturing and trade industries,
and by the durable segment of these
industries in particular.
The public utilities and communications industries are of great importance
in the capital market, as their capital
expansion accounts for a substantial
portion of total fixed investment and
they meet a high proportion of their
investment needs in this market. In
addition to financing their current requirements, communication and utility
firms have on occasion entered the markets in volume when interest costs have
favored the refinancing of outstanding
obligations.
Manufacturing and mining
The dominating influence of manufacturing and mining firms on cyclical
fluctuations in corporate financing can
be illustrated by developments during
the 1960-61 recession when total uses
for these industries declined $3 billion,
about three-fifths of the total decline.
22
SURVEY OF CURRENT BUSINESS
In the 1957-58 recession they had accounted for more than nine-tenths of
the decline in total uses for all nonfinancial corporations.
Cyclical fluctuations among mining
and manufacturing firms center in working capital, as both inventory buying
and customer financing move sharply
downward in recession and upward in
recovery, while plant and equipment
outlays display the same lagged reaction to cyclical changes noted earlier in
the discussion of the all-industry figures.
On the sources side, changes for this
cyclically sensitive group are reflected
principally in the behavior of internal
funds and short-term borrowing, while
external long-term sources are less
directly affected. The swings in corporate sales during the course of the cycle
are quickly reflected in fluctuations in
profits, which are carried through to
internal fund sources. The sharp
alteration in the requirements for working capital lead to similar moves in
short-term borrowing. The reliance of
manufacturing and mining firms on
stock and bond issues to finance investment is much less extensive than for
corporations generally. Their resort
to these sources has been heaviest in
periods when investment spending was
moving up relative to internal funds,
and are thus highest during periods of
sustained economic expansion.
With manufacturing and mining
profits rising faster than investment
during recovery, these companies add
substantially to their liquid assets during such periods. At other times, manufacturing and mining firms generally
draw down their previously accumulated liquid assets, with liquidation
highest during periods when investment
rose faster than funds available from
internal sources.
Trade and transportation
•November 1061
peaks. Railroads have been retiring
long-term debt in recent years, trying
to improve their earnings status, but
these retirements have shown little
relation to the business cycle. Among
nonrail transportation firms, plant and
equipment outlays turned down moderately last year after a sustained increase
since 1958, as the purchase of new
jets and allied equipment was reduced,
but here again the earnings position
of the air carriers has worsened through
the third quarter of 1961.
Among trade firms, the fragmentary
data available indicate a cyclical pattern much like that just described for
manufacturing and mining, at least with Public utilities and communications
respect to current sources and uses.
Firms operating in the public utilities
But, the growth of suburban shopping and communications industries have
centers and related facilities has re- been characterized by very little fluctuasulted in a rising trend in fixed capital tion in output over the cycle, and the
spending which has persisted through relation between their financing requireperiods of recession.
ments and the business cycle has been
Transportation firms do not hold limited. Profits are regulated by
significant inventories, and the impact government agencies and the bulk of
of business fluctuation on their invest- these after-tax earnings are paid out
ment and financing transactions is less to shareholders, leaving depreciation
direct than in the case of manufacturing, allowances as the principal source of
mining, and trade firms even though internal funds. Both industry groups
their traffic volume is quite sensitive. have been faced with strong and
They have, however, shown mild swings growing demands for their services and
in receivables and payables as the have spent over twice as much on
volume of traffic has fluctuated.
facilities expansion as was available
Capital spending by the railroads, to them from internal funds. They
which has been low and declining in have resorted to the issue of stocks and
recent years with the poor earnings bonds for the balance of their financing
they have been able to report, tends needs, and accounted for about twoto drop off during recessions and, while fifths of total security issues in most
increasing some during the subsequent of the postwar years, though their
recoveries, has not regained previous portion of total investment was only on
the order of one-fourth.
Although the communications and
Table 2.—Sources and Uses of Corporate Funds by Industry, Years Ended June 30, 1958-61
utility
industries have many points of
[Billions of dollars]
similarity, their invest< 11 IM i i s have
moved differently in recent years.
Pub lie ut lities and
M unufact uring and
Transportation
Railroads
other than rail
mil ling
COI nrnun icatio ns
Public utility investment and borrow] _...
ing peaked in the year ended June 1958,
1958 1959 1900 1961 1958 1959 1 960 1961 1958 1959 1960 1961 1958 1959 1960 1961
and lias since been running at someSources, total
14. S 26.8 22.8 19.5
0.2 0.8 0.7 0.5 1.7 l.S 2.1 1.7 8. 3 8.0 8.0 8.6
what
lower rates. Comminications
4 . 4 7.2 6.6 5.0 -.2 -. 1 -.2 -.2 (2)
Retained profits l
.4
.5
.4
( 2 ) -.1 -.1 ( 2 )
firms
have
increased their investment
Depreciation
9.9 10.5 11.0 11.7
.9
.9
.9 1.1 1.2 1.3 1.5 2.9 3.2 3.3 3.4
.9
External long-term sources 3
3. 1 2.5 1. 7 2.7 -.2
.4
-.1 _ 2
. 5 .5
.4 5. 2 3.7 3.4 4.4
spending
and
security issues during the
2
2
2 ()
2
.1
.4 ( )
— 2 5 6. 6 3. 5
Short-term sources ^
.2 -.3 '.2
.2
.1
.8
past
three
years.
Uses, total
.9
.5 1.3 2.0 2.1 1.8 9.8 9.1 8.7 10.0
.5 1.3
11.6 25.5 19.3 16.3
One of the interesting aspects of
1.2
15.0 11.9 14.3 14.9
Plant and equipment
. 7 1.0
.8 1.5 1.4 1.9 1.6 9.1 8.5 8.5 8.8
2
2
2
2
.1 (2)
Inventories (book value)
— 2 7 2 9 3 4 — 1 2 -.1 ( 2 )
-.1 ( 2 )
( )
(
)
(
)
(
)
(
)
current
security markets is the extent
2
2
.1 .3
Receivables and misc. assets- _ _ ( )
.2
5.8 3.5 3.5
.3
.5
. 5 .3
()
( )
(2)
Cash and U.S. Government
to
which
utility stocks have advanced.
2
2
.1
.1
.4 ( )
.8
securities
- -.7 4.8 -1.9 -.9 -.5 .5 -.1 — . 3 _ 2
.3
()
Laggards
over much of the postwar
Discrepancy (uses less
-.4 (2)
.4
sources)
.2 (2)
.2 1.5 1.1 .7 1.4
-3.3 -1.3 -3.5 -3.2
.3
(2)
period, these have been leaders in the
1
security price rise during the past 2
Includes depletion.
2
Less than $50 million.
years.
Compared with earlier 1959
34 Includes stocks, bonded debt, long-term bank loans, mortgages and other long-term debt.
Includes short-term bank loans, trade payables, Federal income tax liabilities, and miscellaneous liabilities.
highs, for example, the SEC stock price
Source: U.S. Department of Commerce, Office of Business Economics, based on Securities and Exchange Commission,
index shows the utility average up 42
and other financial data.
2
2
2
(2:)
SURVEY OF CUKKENT BUSINESS
November 1961
23
percent as compared with about 11 per- their activities have supported stock financing problems of
cent for manufacturing stocks. De- prices, and, to this extent, eased the corporations.
spite recent gains, the postwar rise in
DISPOSITION OF CORPORATE PROFITS
utility stock prices is still far short of
that for the manufacturing stocks.
Fluctuations in Recent Cycle:
Shifts Over the Past Decade:
Finance and real estate
Undistributed Profits Declined as Dividend
Payout Grew and Margins Were Reduced
The statistics on corporate funds
sources and uses shown in table 1 include the operations of sales and consumer finance companies, investment
companies, and real estate firms. Incomplete data indicate that the operations of sales finance companies are
closely related to the stage of the
business cycle, as their loans to dealers
and cosumers peak during periods of
high automobile sales and decline when
auto activity slackens. During these
peak periods, they have generally financed their credit extensions by shortterm borrowing, particularly from
banks. During recessions, they have
generally taken advantage of lower interest rates to refinance outstanding
debt from short- to long-term instruments. During the four quarters ended
June 1961, finance companies issued
over $1 billion of new securities, replacing short-term bank debt.
Investment companies have been
growing very rapidly in recent years
and their operations have been little
affected by the business cycle. Such
firms obtain funds by issuing shares to
investors and then employing the funds
to purchase securities, particularly
stocks. While owner redemption has
shown a rising tendency, new sales
have grown faster, and these companies are among the fastest growing
financial institutions in the country.
Although the funds acquired by these
companies generally do not provide
direct financing to other corporations,
nonfinancial
With Dividends Stable in Shortrun
Recovery Now Raises
Undistributed Profits
Billion $
60
CORPORATE PROFITS
BEFORE TAXES
20
UNDISTRIBUTED PROFITS
t
t
\
i
i
i
f
i
Rising Depreciation With Larger Capital Stock
Has Lifted Total Internal Funds
And Infernal Funds Downdrift
Is Reversed
UNDISTRIBUTED PROFITS
AND DEPRECIATION
40
TOTAL
52
1950
54
56
58
60
60
1959
61
62
Quarterly , Seasonally Adjusted,
at Annual Rates
Annually
O First half seasonally adjusted, at annual rate
U. S. Department of Commerce, Office of Business Economics
New or Revised Series—Gas, Quarterly: Revised Data for Page S-26
1960
1960
Item
Manufactured and mixed gas: !
Customers, end of quarter, total
Residential
Industrial and commercial
Sales to consumers, total
Residential
Industrial and commercial
thous__
do
do
_
mil therms
do
do
Revenue from sales to consumers, total- mil. $_.
Residential __ _
do ..
Industrial and commercial
do
1
I
II
III
IV
Quarterly
average
2, 494
2 328
165
2, 452
2 289
162
2, 385
2 230
154
2, 165
2 024
140
2,374
2 218
155
927
715
209
514
349
160
289
161
123
544
386
156
568
403
162
116. 6
93.2
23.0
69.6
52.5
16.7
42. 6
29.9
12. 5
68. 8
53.1
15. 5
74.4
57.2
16.9
Totals include data for components not shown separately.
Source: American Gas Association.
Item
Natural gas:l
Customers, end of quarter, total
Residential
Industrial and commercial
Sales to consumers, total
Residential
Industrial and commercial
II
III
IV
Quarterly
average
thous_^ 30, 388
27 892
do
2,460
do
30, 233
27 809
2 388
30, 253
27 869
2 349
31,343
28 778
2, 525
30, 554
28 087
2,431
30, 322
13, 875
15, 035
21 198
6,448
13, 691
16 472
2,494
13, 025
22, 554
7,414
13, 876
22, 637
7,558
13, 907
I
mil therms
do
do
Revenue from sales to consumers, totaL-mil. $ _ _ 1,917.4 1, 209. 3
649.1
Residential
_ _ _ _ _ d o _ 1,211.6
Industrial and commercial
do
659. 4
526. 3
817.5 1. 362. 4 1,326.6
734.9
328.4
750.3
553. 8
459 6
570. 0
NEW OR REVISED SERIES
Lumber Production, Shipments, Stocks, and Orders: Revised Data for Page S-31
[Millions of board feet]
All Types
Production
Shipments
Month
Total
1959
January
February
March
April
May
June
July
August
September
October
No vember
December
1960
Hardwoods
1959
1960
506
514
554
558
593
556
577
2, 718
3, 043
3, 210
3, 251
3,317
3,213
3, 255
3, 372
3,345
2,929
2, 995
489
501
470
528
545
557
540
530
511
549
509
431
Softwoods
1959
Total
1960
2,219
2,204
2, 489
2, 652
2, 658
2, 761
2, 636
2, 660
2,783
2, 758
2,379
2,475
1959
2,186
2, 423
2, 638
2,511
2,641
2,617
2,145
2, 660
2, 474
2, 226
2,' 015
1,798
Monthly average...
2. 741
2, 763
3,196
3,384
3, 332
3, 340
3. 260
3, 258
3,195
3.201
2, 686
2,867
Stocks (gross), mill, end of month 1
Hardwoods
1960
2. 619
2,785
2, 949
3,041
3,182
3, 090
2, 603
3, 050
2, 880
2. 6'
675_ II
2,440 |
2, 320
1959
1959
1960
526
564
570
578
572
538
519
585
545
<X)4
542
519
2,803
Total
Softwoods
1960
518
563
547
549
542
515
474
493
474
495
466
424
2, 215
2,199
2. 626
2, 806
2, 760
2,802
2.741
2, 673
2, 650
2. 597
2, 144
2,348
505
2,547
2,101
2 222
2, 402
2,492
2,640
2,575
2,129
2, 557
2, 406
2,180
1, 974
1,896
1959
Hardwoods
1960
1959
Softwoods
1960
1959
1960
7,226
7,180
7,017
6,831
6,741
6,715
6, 661
6, 656
6, 833
6, 976
7,219
7,347
7,404
7,542
7,702
7,700
7,704
7,788
7,870
8,009
8,115
8,215
8,299
8,207
1,916
1,866
1,850
1, 830
1,851
1,869
1,927
1, 937
1,981
1, 964
1, 972
1,973
1, 944
1,882
1,805
1,784
1, 787
1,829
1,895
1.932
l', 969
2,023
2, 066
2,073
4, 852
5,012
5,247
5, 374
5. 460
5,660
5,897
5,916
5, 917
5, 959
5.975
6. 077
6,146
6,192
6,233
6,134
6, 950
7,880
1,911
1,916
5.039
5,964
5,310
5,314
5,167
5,001
4,890
4,846
4,734
4,719
Douglas Fir
Orders
Month
Production
New
1959
1960
748
648
762
847
858
692
841
729
711
695
677
895
January
February__
March
April
May
June
July
August
September..
October
November.
December. _
Stocks (gross),
mill, end of month
Shipments
Unfilled, end of month
1959
1960
664
6S7
666
683
744
576
661
634
584
548
566
708
1960
670
710
659
635
527
483
515
486
440
426
436
412
1960
684
626
783
830
797
860
757
756
760
731
658
753
697
776
849
744
753
702
574
772
706
623
59S
553
643
Monthly average.
1960
643
692
757
722
805
756
611
760
705
629
608
600
942
962
955
923
909
880
848
810
847
907
985
1,007
1,062
1,145
1,238
1,260
1,208
1,154
1.117
1,128
1,130
1,124
1,114
1,066
915
1,146
750 |
Southern Pine
Orders
Production
Month
Shipments
Stocks (cross),
mil], end of month
Unfilled, end of month
1960
511
525
642
653
642
621
631
612
593
5%
452
457
January
February
Mnrch..'.
April
May
June
July
August. .
September
October
November
December
488
448
527
579
1960
200
182
201
216
221
208
203
198
174
167
162
165
489
545
530
521
479
447
Monthly/ average-
1960
529
502
576
599
586
583
611
557
605
626
548
559
517
522
570
581
604
633
521
547
551
550
530
446
573
548
496
494
613
646
616
624
648
596
603
603
488
472
1960
467
466
508
564
567
589
494
550
554
528
484
444
1, 857
1, 865
1,828
1,781
1,751
1,710
1, 673
1, 634
1, 636
1, 659
1,719
1, 806
1,856
1,912
1,974
1,991
2,028
2,072
2,099
2,096
2.093
2,115
2,161
2,163
518
1,743
2,047
Western Pine
Orders
Production
Month
1959
January
February-March
April.
May
June
July—_-August.
September-.
October
November..
Deccmber..
717
714
844
860
888
835
905
852
866
855
625
903
Monthly average.
822
1
1959
1960
638
681
751
773
855
771
733
808
743
673
569
630
1960
483
488
527
490
468
426
414
357
343
336
308
423
615
681
835
870
912
913
977
961
923
726
784
359
Revisions for 1948-1958 for stocks, all types of lumber, and for Western pine stocks are available upon request.
Source: National Lumber Manufacturers Association.
1959
1960
408
376
391
367
370
339
378
364
348
322
308
332
Stocks (cross),
mill, end of month 1
Shipments
Unfilled, end of month
604
729
791
791
877
865
721
908
816
713
587
565
1960
674
710
806
899
912
879
919
911
881
863
655
825
1959
653
700
735
798
851
803
694
822
760
699
584
606
1,730
1,701
1, 622
1, 558
1, 516
1,549
1,543
1,609
1, 689
1,749
1,820
1,816
1960
1,767
1,796
1,852
1,845
1.871
1,933
1,960
2,046
2,102
2,116
2,119
2,078
1,95
BUSINESS STATISTICS
i HE STATISTICS here update series published in the 1961 edition of BUSINESS STATISTICS, biennial Statistical Supplement to the SURVEY
OF CURRENT BUSINESS. That volume (price $2.00) contains data by months, or quarters, for the years 1957 through 1960 (1951-60, for major
quarterly series) and averages of monthly or quarterly data for all years back to 1939; it also provides a description of each series and references
to sources of earlier figures. Series added or significantly revised after the 1961 BUSINESS STATISTICS went to press are indicated by an asterisk
(*) and a dagger (f), respectively; certain revisions for 1960 issued too late for inclusion in the aforementioned volume appear in the monthly
SURVEY beginning with the July 1961 issue. Except as otherwise stated, the terms "unadjusted" and "adjusted" refer to adjustment for seasonal
variation.
Statistics originating in Government agencies are not copyrighted and may be reprinted freely. Data from private sources are provided
through the courtesy of the compilers, and are subject to their copyrights.
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1958
1959
19 59
1958
1960
III
IV
I
Annual total
II
1960
IV
III
I
II
1961
III
IV
I
II
III
Seasonally adjusted quarterly totals at annual rates
GENERAL BUSINESS INDICATORS—Quarterly Series
NATIONAL INCOME AND PRODUCT
bil. $
367.4
399.6
417.1
370. 1
381. 7
390.7
405.2
399.4
402. 8
413.5
419.2
419.0
416.5
412.2
426.0
do
257.1
278.4
293. 7
258. 9
263. 7
270.6
280.0
280. 5
282.4
290.2
294.6
296.0
294.0
292.6
300. 2
306.2
. do
do
do
do
239.8
196. 6
9.8
33. 5
258.5
213. 2
9.9
35.4
271. 3
223.0
245. 8
201. 5
251. 4
206. 7
260. 1
215.0
260. 3
214.8
261. 9
216.0
38.5
241.6
197. 6
10. 0
34.0
34. 4
34.8
35.3
35.7
36.1
268.3
221.4
9 8
37.1
272.4
224. 6
9.8
38. 0
273.2
224.2
9.9
39.1
271.3
221.6
10.0
39.7
270.1
219. 7
10.1
40.3
277. 3
226. 0
10.1
41.2
282.7
230 7
10.2
41.9
do
17.3
20.0
22.4
17.3
17.8
19.2
19.9
20.2
20.5
21.9
22 2
22.7
22. 7
22.5
22.9
23.4
do
do
do
do
adjustbil. $
46.1
32. 5
13.5
12 2
46.3
35.0
11.3
11 9
48.2
36. 2
12.0
11 7
46.2
32. 7
13.4
12 2
46.5
33. 5
12. 9
12. 1
46.6
34.1
12.5
12.0
46.7
35.2
11.5
11.9
45.9
35.3
10.6
11.8
46.1
35.3
10.8
11.7
46.3
35.8
10.5
11.7
48.6
36. 4
12.3
11.7
48.7
36.3
12.4
11 7
49.0
36.3
12.7
11.7
48.9
36. 0
12.9
11 5
49.2
36.3
12.9
11 5
49
36
12
11
37.2
46.4
45. 1
37.9
43. 8
45.3
50.2
44.4
45.5
47.4
45.9
44.1
42.9
40.0
45.5
do _
do
do
do
37.4
18 6
18.8
— .3
46.8
23 1
23.7
— .5
45.0
29 3
22.7
44.7
22. 3
22.4
46.1
22 8
23.4
-.9
51.5
25 4
26. 1
— 1.3
44.8
22 1
22.7
— .4
44.9
22 1
22.7
48.1
23 9
24.2
46.3
23 0
23.3
— .4
43.2
21 4
21.7
42.6
21. 1
21.4
.0
38.2
19 0
19.1
— .2
.9
.3
39.6
19 6
20.0
45.2
22 4
22.8
do
14.8
16. 6
18.4
15.0
15. 6
16.2
16.4
16.7
17.0
17.8
18.3
18.6
18.9
19.2
19.6
20.2
do
444 5
482 8
504 4
447 0
460 6
472 2
488 5
482 3
488 3
501 5
506 4
505 1
504 5
500 8
516 1
525 8
Personal consumption expenditures, total. _do
293.2
314.0
328.9
294.5
299. 8
305. 8
313.6
316.5
320.0
323.8
329.9
329.7
332.3
330. 7
336. 1
341.0
Durable goods, total ©
do
Automobiles and parts
_
do
Furniture arid household equipment_-_do
37.3
13.9
17.4
43.5
18.1
18.9
44.3
18. 6
18.8
36 7
13.2
17.6
39.5
15.6
17.8
41.6
17.2
18.0
44.5
19.0
18.9
44.4
18.4
19.2
43.7
17.6
19.3
44.7
18.8
19.1
45 3
19.3
19.0
43 4
17.8
18.7
43.8
18.6
18.3
39 4
14 8
17.8
42 0
16 7
18.3
42 3
16 4
18.8
do
do
_ do _
do
141. 6
25.7
76. 6
10.5
147.3
27.4
78.0
11.0
152.4
28.1
80.1
11.6
142.6
26. 2
70. 6
10.6
143. 2
26.2
76. 9
10. 6
144.9
26.5
77.4
10.7
147.3
27.8
78.1
10.9
147.7
27.6
77.8
11.1
149.3
27.8
78.7
11.1
150 5
28.1
78.9
11.4
153 3
28.3
80.6
11.6
152 7
28.3
79.9
11.6
153 1
27.7
80.8
11.8
153 7
27.9
81 1
11.7
154 1
27.6
81 4
11.7
156 2
28.6
81 9
11.8
do
do
do
do
114.3
16.9
37.7
123. 2
18. 1
39.9
10 0
132.2
19. 6
42 2
10 5
115.2
17.0
38 0
9 2
117.1
17.2
38.5
9 4
119.4
17.5
39 3
9 5
121.9
17.8
39 8
9 8
124.
18
40
10
127. 0
18 9
40 5
10 2
128.6
19 2
41 1
10 4
131.2
19 5
41 9
10 5
133. 6
19 7
42 7
10 5
135. 4
20 0
43 1
10 5
137.5
20 6
43 g
10 5
139.9
20 9
44 2
10 7
142.4
21 2
44 8
10 9
do
56.6
72.4
72.4
55. 8
63. 6
70.4
79.1
68.2
71.8
78.9
74.6
70.5
65. 6
59.8
68.8
73.2
New construction _
Producers' durable equipment
Change in business inventories
do
do
do
35 5
23.1
-2.0
40 2
25.9
6.3
40 7
27.5
4.2
35 1
22.3
-1.6
36 9
23.4
3.3
39 0
24.3
7.1
4"> 2
26. 3
11.7
41 0
26.6
.7
39 6
26.6
5.6
40 Q
27.1
10.9
40 7
28.6
5.4
40 4
27.7
2.4
40 7
26.7
-1.9
39 6
24.2
-4.0
41 3
24.7
42 7
26.0
4.5
Net exports of goods and services
Exports
Imports
do
do
do
1.2
22.7
21.5
n
23' 1
23.8
3.0
26.7
23.6
1.6
22.9
21.4
.4
22.7
22.3
-.6
22.1
22.7
— 1.7
22.3
24.0
24.5
24! o
.0
24.1
24.0
1.8
25.6
23.9
2.3
26.7
24.4
3.0
26.8
23.8
5.1
27.6
22.4
5.3
27.6
22.3
3.9
26.4
22.5
2.6
27.0
24.3
93.5
52.6
44 8
40 8
97.1
53.5
46 2
43 $
100.1
52.9
45 5
47 2
95.1
53.7
44 9
41 4
96.7
54.3
4
55
42 3
96.7
53. 2
45 9
43 5
97.5
53.9
46 5
43 6
98.1
54.1
46 3
44 0
96. 5
52.9
45 9
43 6
96.9
51.8
A
5 5
45 0
99.6
52.9
45 5
46 8
101.9
54.0
45 4
48 0
101. 6
53.0
45 7
48 6
105. 0
54.7
107.3
56. 6
48 8
109.0
57.4
do
do
do
do
do
do
446 5
231.4
83.3
148. 1
164.2
50.9
476 5
244 0
91.3
152 8
176.2
56.3
500 2
254 3
94.3
160 0
189.3
56. 6
^43 0
231 9
81.8
150 1
166. 0
50. 8
457 3
234 3
84.0
150 2
109. 6
53. 5
4
65 2
238 3
88.1
150 2
170. 7
56.2
476 8
244 6
92.4
152 2
174.2
58.1
481 6
247 1
93. 6
153 5
177.6
56.9
482 7
246 1
90.9
155 1
182.2
54.4
490 R
250 9
93.1
157 8
183.8
55.8
501 0
256 9
96.3
160 6
187.7
56.4
502 7
254 8
94.2
160 6
191.2
56.7
506 4
254 6
93.4
161 3
194. 6
57.2
504 8
249 7
87.4
1 62 3
197.9
57.2
9CJ4 »j
9 r>A Q
91.2
163 0
201.1
57.9
205. 1
59.2
do
do
do
—2 0
—2.8
6 3
36
4 2
2 5
—1 6
—9 ()
3 3
1 4
7 i
5 4
11 7
88
—2 0
5 6
2 4
10 9
9 4
5 4
39
2 4
19
38
4 n
58
9 8
«_>
National income, total _
Compensation of employees, total
Wages and salaries, total
Private
Military
_
Government civilian
Supplements to wages and salaries
Proprietors' income, totalcf 1
Business and nrofessionalc?
Farm
Rental income of persons
Corporate profits and inventory valuation
ment, total __
_ _
Corporate profits before tax, total
Corporate profits tax liability
Corporate profits after tax
Inventory valuation adjustment
Net interest
Gross national product total
Nondurable goods, total ©
Clothing and shoes
Food and alcoholic beverages
Gasoline arid oil
___
Services, total ©
Household operation _
Housing
_
Transportation
_ _
Gross private domestic in vestment, total
Government purchases of goods and services, total
bil. $...
Federal (less Government sales)
do
National defense 9 __ __ _
do
State and local
do
By major type of product:*
Final sales, total.
Goods output, total
__ __
Durable goods output
Nondurable goods output
Services
Construction
Inventory change, total _ _ _ _ _
Durable goods output _ _ _ _
Nondurable goods output
9.2
9.9
.9
2.6
1.8
.4
r
Revised.
cT Includes inventory valuation adjustment.
© Includes data not shown separately.
9 Government sales are not deducted.
* For quarterly data back to 1947, see p. 34 of the July 1961 SURVEY.
616239—61
9.9
-.9
1.9
9.9
1.7
9.9
2.9
9.9
4
2
1
2
2.7
9.8
.7
3.2
1.5
1.5
4
2.0
2.0
.4
en o
1.8
2
6
8
5
.3
en f
513 2
3.2
S-l
ro-i q
92.6
1.0
SURVEY OF CUERENT BUSINESS
S-2
1958
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1959
1958
1960
Annual total
III
November 11)01
1959
IV
I
II
1960
III
IV
I
II
1 Gl
III
IV
I
II
III
i
GENERAL BUSINESS INDICATORS— Quarterly Series— Continued
NATIONAL INCOME AND PRODUCT
Con.
Quarterly Data Seasonally Adjusted At Annual Rates
GNP in constant (1954) dollars
Gross national product, total
__
bil. $
401.3
Personal consumption expenditures, total. _do
428.4
440.8
402. 9
413.6
422.1
434. 4
426. 6
430. 7
441.0
443.4
440.2
438.4
433. 2
445. 5
451.8
289. 3
298. 3
274. 4
278. 7
283.8
289.7
290. 8
292.8
295. 4
299. 5
298. 6
299. 6
297.0 j
301. 6
305. 0
41.0
.138.8
109. 5
41.8
141.8
114.7
35. 1
134.3
105.1
37. 5
135. 2
106. 1
39.2
136.8
107. 7
41.7
139.3
108.8
41.6
139.2
110.0
41.4
140. 0
111.4
42.1
140.9
112.4
42.5
142.9
114.2
40.8
142.0
115.8
41.6
141.3
116. 6
37.6
141.6
117.8
39. 8
142.6
119.2
39. 9
1 44. 5
120.6
do
do
do
35. 5
333. 3
104. 4
Gross private domestic investment, total. _ _ d o
49. 0
61.1
60. 6
48.1
54. 7
59. 9
66. 9
57. 3
60. 4
66. 6
62.3
58. 6
54. 9
49. 6
57. 3
60. 4
31.1
19 4
-1.5
34.
3
f>
l 3
5. 5
33. 9
22 7
4.0
30. 6
18.8
-1.3
32.1
19.5
3.1
33. 7
20. 1
6.2
35. 2
21.6
10, 1
34.7
21.7
.8
33.4
21.9
5. 0
34. 3
22.4
9.9
33.9
23. 4
4.9
33. 6
22.7
2.3
33.9
22.1
-1.1
32. 9
19.9
—3. 2
34.1
20.3
2.9
35. 1
21.4
3.9
r>
-2.1
1.7
.2
-1.1
-2.2
-3.2
-.9
.6
1.0
1.6
3.5
3.3
1.9
.6
79.3
44.5
34.8
80.1
43.9
36.2
80.2
42.3
38. 0
80.2
44.9
35. 3
81.2
45.4
35. 8
80. 7
44.2
36. 5
81.0
44.6
36. 4
80. 5
44. 0
36. 5
78. 4
42.7
35. 8
78.4
41.7
36.7
8(\ 6
42.7
37.8
81.3
42.9
38.4
80.3
41.6
38.7
83.3
43.1
40.2
84.7
44.7
40. <:
85. 7
45. 0
40.8
300. 3
42. 3
317.9
3S3. 3
46. 0
337. 3
402. 2
50. 4
35.1 . 8
364. 6
42.7
321.8
368. 2
43.1
325. 0
374.7
44.9
329. 8
384. 6
46.1
338. 4
385. 1
46.4
338. 7
388. 9
46. 6
342. 3
395. 5
49.9
345.7
403. 1
50. 5
352.7
405. 1
50.8
354. 4
405. 4
50. 5
354. 9
404. 7
50. 3
351. 3
413.2
51.4
361 . S
420. 3
52. 5
367. 8
24.7
23.4
22.9
27.3
25.2
23.9
24.8
22.3
22. 3
21.8
22.8
24.6
22.7
23.7
25. 8
26.8
7.63
8.14
8.92
7.43
8. 01
6. 91
8.32
8.32
8. 99
7. 89
9.28
8.98
9.53
Manufacturing
_ _ _ _ ...do_-_
Durable goods industries
_ do
Nondurable goods industries
do
2. X6
1.37
1.49
3. 02
1.44
1.57
3.62
1. 80
1.82
2.66
1.26
1.41
2.93
1.38
1.56
2.46
1.14
1.31
3.02
1.45
1.57
3.02
1.44
1. 58
3.57
1.74
1.83
3. 09
1.55
1.54
3.76
1.88
1.88
3.62
1. 80
1.81
4. 01
1.95
2. 06
3. 00
1.41
1.59
3. 46
1.58
1.88
3.44
1. 54
1. 90
Mining
Railroads
Transportation, other than rail
Public utilities
Commercial and other
.24
.19
.38
1.52
2. 45
.23
.51
1.42
2.72
.25
.26
.48
1.42
2.89
.22
.14
.32
1.63
2.45
.25
.16
.41
1.72
2.54
.21
.16
.41
1.20
2.47
.24
.26
.53
1.47
2.79
.26
.28
.54
1.48
2.74
.27
.22
.55
1.51
2.87
.22
.25
.47
1.18
2.69
.27
.29
.55
1.42
2.99
.25
.24
.47
1.50
2.90
.24
.25
.46
1.58
2.99
.21
.17
.41
1.09
2. 69
. 26
. 18
.48
1. 39
2. 85
. 24
. 15
.53
1.59
2.85
do
29.61
29. 97
30. 62
32. 51
33. 35
33. 58
35.15
36. 30
35. 90
35.50
33. 85
33. 50
Manufacturing
_
Durable goods industries
do
do
10. 86
5.16
5 70
10. 58
4.860
5 7
11.20
5. 26
5 94
11.80
5.74
6. 06
12.25
5.83
6.42
12.87
6.16
6. 71
14.10
7.15
6.95
14.70
7.40
7.30
14.65
7.35
7.30
14. 40
6.85
7.55
13. 75
6. 50
13. 50
6.20
7.30
13. 75
6. 15
7. 65
Mining
Railroads
do
do
.88
.63
1 29
6.10
9.85
.97
.58
1.62
6.26
9.96
. 95
. 63
1.71
5. 80
10. 33
.94
1.00
2.08
5. 82
10. 87
1.01
1.28
2.17
5.58
11.06
1.04
.85
2.15
5.48
11.19
1 . 00
1.00
2.00
5. 75
11.35
1.05
1.10
2.15
5. 70
11.60
1.00
1.00
1.90
5.60
11.75
.90
1.00
1.80
5.70
11.65
.95
.70
1.75
5. 35
11.30
1.00
.70
1.80
5. 50
11. 05
.95
.60
2.05
5. 95
11.50
4, 660
4, 580
4, 595
4,615
4, 635
4, 655
4, 670
4,690
4,710
4, 725
4,730
4,740
4, 755
4,770
7,210
Durable g'oods
Nondurable goods
Services
New construction
Producer^' durable equipment
Change in business inventories.. _
Net exports of goods and services
do
do
do _
do. _.
Government purchases of eoods and services, total
bil. $..
Federal
do
State and local
do
DISPOSITION OF PERSONAL INCOME
Quarterly Data Seasonally Adjusted at Annual Pate*
Personal income, total .bil. $
Less: Personal tax and nontax payments
do
Equals: Disposable personal income
do
Personal saving §
_ _ __. do __
NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly totals or averages:
All industries
I
.
bil. $..
_
Seas. adj. qtrly. totals at annual rates:
All industries
do
_. _ do
. ..do. .
do
._ _ _ d o
Public utilities'
do
Commercial and other
do
BUSINESS POPULATION
Firms in operation, end of quarter (seasonally adjusted)
thous
U.S. BALANCE OF INTERNATIONAL
PAYMENTS
Annual Data Are Quarterly Averages
Exports of goods and services, total. .
mil. $ . .
""III"
2
4, 533
2
4, 583
2
-1.9
6, 401
6, 421
7, 266
6, 062
6, 666
5, 970
6, 453
6, 352
6, 908
6, 796
7, 584
6,941
7,744
57(
494
441
455
524
507
605
402
460
443
622
282
418
312
Merchandise, adjusted, excluding military transactions^ _ _ _ _ _
.mil. $ . 4, 066
731
Income on investments abroad
do
I L035
Other services and military transactions
do
4, 071
761
1 , 096
4, 852
801
1,172
3,816
703
1,088
4.196
913
1,033
3, 807
633
1 , 023
4. 074
668
1,106
4, 058
716
1,176
4, 343
1,026
1,079
4, 607
695
1,051
4, 994
4,676
735
1,248
5,132
1 , 023
1,171
5. 009
817
1,072
1,216
do
5, 263
5, 884
5, 832
5, 388
5, 446
5, 401
5, 964
6, 228
5, 944
5, 769
6,074
6,057
5, 427
5, 322
5, 634
do
do
do
3, 824
208
HI
1,076
3, 680
232
762
1,157
3,124
164
839
1,261
3, 522
188
829
907
3, 594
180
780
847
3, 879
193
789
1,103
3,847
207
786
1,388
3, 974
250
754
966
3, 830
249
767
923
3, 857
233
756
1,228
3,550
220
798
1,489
3, 485
227
Milit?ry expenditures
Other servicescf1
3, 238
169
853
1 , 004
3, 407
215
759
941
3, 469
211
748
1,206
+674 +1,220
+569
+489
+124
+964 +1,027 +1,510
-999 -1,157 -1,128 -1,186
—124
-152
-135
-140
-993 -1.046
-875 -1,005
-949
-144
-805
-1,135 -1,022 -1,253
-142
164
-156
-979
-880 —1,089
-494 -1,032
-412
-738
-442
-287
— 294
-82
-607
-387
— 224
-220
+1,138
Unilateral transfers (net), total
Government
do
do
U.S. long- and short-term capital (net), total. _ ( l o _ - - Private
do _
Direct investments
do
Government
do
+537 +1,434
-1,155 -1,100 -1,064
-135
-144
158
-956
-905
-1,020
—954
-711
—274
-243
-682 -1,241
-594
-964
-343
-424
-88
-784
-451
-156
-333
-893
-726
•j?',)
-167
+554
+451
+930
+607
+307
Foreign long- and short-term capital (net)
do
+483
+347
+183 | +426
+569
Gold sales [purchase^ ( — )]
do
+175
-71
+132 ! -162
+95
Errors and omissions
-.- do...
r
Revised.
1
Estimates for Oct.-Dec. 1961, based on anticipated capital expenditures of business,
anticipated expenditures for the year 1961, and comparative data for 1959-60, appear on p. 6
of the
Sept. 1961 SURVEY.
2
Unadjusted. Data represent firms in operation as of Jan. 1; estimate for Jan. 1, 1961
(based on incomplete data) is 4,717,000.
-595
-838
-419
+243
-875
-651
-303
-224
988
!
8. SO
34. 80
4,910
872
1,243
Merchandise, ad justed tc?
Imports of goods and services, total
!
8.61
+884 +2,317 +1.888
-900 -1,079 -1.012
-155 ""-163
154
173
-857
-746
-906
-1,110 -1.075 -1,905 -1,400
-980
-924 -1,557
-724
-464
-331
-733
—327
-420
-151
-386
-348
-589
-934
-431
+345
+491
+187
+571
+198
+887
+548
+771
+858 +1,042 1+1,273
+346
-330
+94
+921
+50
+637
+72
+397
+95
+167
-9
-282 1
-452
+49
-128
+290
-8
+146
-117
+100
§Personal saving is excess of disposable income over personal consumption expenditures
shown as a component of gross national product on p. S-l.
^Adjusted for balance-of-payments purposes, mainly for valuation, coverage, and timing,
c?Excludes military expenditures.
SURVEY OF CURRENT BUSINESS
November 1061
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1959
1960
1960
Monthly
average
Sept.
Oct.
1961
Nov.
Jan.
Dec.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
GENERAL BUSINESS INDICATORS—Monthly Series
PERSONAL INCOME, BY SOURCE
402. 2
405.5
406. 4
406. 0
404. 0
403. 6
403.1
2 405. 5
407. 3
409. 8
413. 2
417.3
^ 418. 6
421.2
419.4
r
421. 1
425. 0
258.5
271.3
273.0
272. 9
271. 5
269. 6
269. 6
269. 5
271. 1
274.6
277.2
280.7
282.3
282.8
r 284. 0
286. 8
107.2
84.7
68.2
110.4
87.4
71.8
110.0
86.7
72. 3
109. 5
86.3
72. 4
108. 3
85.4
72.0
106. 2
84.0
71.8
106.2
83.8
71.8
105.6
83.5
71.8
106. 5
84. 1
71.8
109. 1
86. 1
72.3
110.5
87. 6
72.9
112.7
88 9
73.5
113.2
89.3
74.0
112.9
89.0
74.2
*• r 112. 9
88 8
114.5
90 0
75. 1
do
do _
do
37.7
45.3
10 3
40.7
48.4
10 9
41 3
49.4
10 9
41 4
49. 6
11 1
41 5
49.7
11 2
41 7
49.8
11 3
41 6
50. 0
11 0
41 7
50. 4
10 7
42 1
50 7
10 6
42 3
51. 0
10 7
42 5
51.3
10 8
42 9
51.6
11 0
43 3
51 8
11 1
43 6
52 1
11 2
do
do _ _ _
35 0
11.3
36 2
12.0
36 3
12.4
36 4
12.5
36 4
12.8
36 0
12 8
36 0
12.8
35 8
12 9
36 0
13 0
36 1
12.9
36 3
12 9
36 4
13 0
36 6
12 9
Rental income of persons
do__
Dividends
do Personal interest income
_ -do
Transfer payments
_ __do
Less personal contributions for social insurance
bil. $..
11.9
13.4
23.6
27.2
11.7
14.1
26. 2
29. 1
11.7
14.3
26.6
29.8
11.7
14.4
26.6
30.2
11.7
14.4
26.7
30.7
11.6
14. 1
26.7
31.0
11.6
14.2
26. 8
31. 1
11 5
14.2
26 8
31.1
11 4
14.2
26 8
33 7
11.5
14.2
26.8
32.5
11.5
14.2
27.0
33.0
11 5
14.3
27 1
33.0
7.9
9.3
9.4
9.3
9.3
9.2
9.6
9.4
9.6
9.7
9.8
368 1
386 2
389 0
389 8
389 1
387 2
386 8
386 9
9. 6
2 39() 4
392 9
396 4
400 2
Seasonally adjusted, at annual rates:
Total personal income
_ . _bil.
$_ . i 383. 3
do
Wage and salary disbursements, total
Commodity-producing industries, total-do
Manufacturing only
do _
Distributive in dustries
do _ _
Service industries
Government
Other labor income
Proprietors' income:
Business and professional
Farm
Total nonagricultural income
do
1
2
44 0
52 4
11 °
44 2
53 0
11 4
36 6
12 8
36 8
12 7
37 o
13 0
11 5
14.3
27 2
35 2
11 5
14.3
27 4
32.5
11 5
14 4
27 5
11
14
27
33
9.8
9.8
9.8
10. 0
404 0
40~> 4
r 4Q4 I
407 5
2
2
r
32 7
5
5
7
0
FARM INCOME AND MARKETINGS
Cash receipts from farming, including Government
payments total
mil. $
Farm marketings and CCC loans, total
do
Crops
_
do _Livestock and products, total 9
do
Dairy products
do
Meat animals
do
Poultry and eggs
do
Indexes of cash receipts from marketings and CCC
loans, unadjusted:
All commodities
1947-49=100
Crops
_ do .
Livestock and products
do. __
Indexes of volume of farm marketings, unadjusted:
All commodities
- _ _ _ 1947-49=100-.
Crops
do
Livestock and products _ _
do
2,844
2, 892
3.375
4, 336
3,847
3, 268
3,123
2, 272
2 278
2, 171
2,478
2 568
2 785
3 081
3 4'Hi
2,788
1,214
1,573
384
913
249
2, 834
1,256
1,578
395
882
274
3, 353
1,715
1,638
379
926
298
4,036
2,181
1,855
393
1,100
339
3,767
2,073
1,694
379
964
338
3,22]
1, 624
1,597
403
854
316
3,077
1,448
1,629
409
938
247
2, 250
788
1 462
377
819
238
2, 259
607
1 652
424
924
279
2,137
618
1,519
417
823
249
2,236
615
1,621
448
897
256
2,447
915
1 532
427
832
246
2,714
1 289
1 425
411
748
243
3,050
1 419
1 631
396
935
268
3, 320
1 669
1 651
389
953
^73
114
113
115
116
117
116
138
160
120
166
203
136
155
193
124
132
151
117
126
135
120
92
74
107
93
57
121
88
58
111
92
57
119
100
85
112
111
120
105
125
132
120
136
156
121
129
124
133
133
130
134
156
174
142
191
236
156
176
222
142
146
168
130
144
163
131
102
81
118
103
57
137
97
53
130
106
52
147
120
90
142
131
134
129
141
139
143
151
159
146
105
108
108
109
106
101
102
103
104
107
108
111
106
111
113
v 116
105
102
110
95
115
108
104
113
97
123
108
102
116
98
110
103
119
98
106
100
114
97
101
96
106
97
101
95
109
97
102
96
111
97
103
97
112
96
107
100
115
97
108
103
115
'97
111
106
118
98
105
100
112
95
111
102
113
106
99
100
^117
^111
v 125
t> 101
107
110
110
111
114
116
114
103
112
117
110
119
102
114
120
123
120
102
110
114
117
114
100
106
108
108
108
101
106
109
101
112
101
108
111
104
114
101
107
111
104
113
101
110
113
112
114
102
110
114
113
114
102
113
118
119
117
103
109
112
104
115
102
113
119
1)7
126
102
r
116
<• 121
no
r H(J
103
116
104
117
112
INDUSTRIAL PRODUCTION^
Federal Reserve Index of Quantity Output
Unadjusted, total index (incl. utilities). .1957=100-By industry:
Manufacturing, total
__
do
Durable manufactures
do
Nondurable manufactures
do
Mining
__ ___ ___
_do
Utilities
_
do
By market grouping:
Final products, total.
Consumer goods
Automotive and home goods
Apparel and staples
Equipment, including defense
Materials
Durable goods materials
Nondurable materials
do
do _ _
do
do
- do _ _
do
do
do
no
100
104
100
107
106
102
110
105
100
110
105
99
112
102
95
110
98
90
106
98
90
108
99
90
109
101
91
111
104
96
112
107
101
113
109
105
114
103
99
108
193
r
.do
105
108
107
106
105
103
102
102
103
106
108
110
112
113
do
105
108
107
106
104
102
101
101
102
105
108
111
112
113
Durable manufactures 9
Primary metals __
Iron and steel
Fabricated metal products
Structural metal parts
do
do
do
do
do
102
90
86
104
101
104
90
88
106
104
102
80
72
106
105
101
78
73
105
104
98
74
68
101
101
96
69
64
101
98
95
71
66
97
97
94
73
69
96
94
95
74
69
96
94
99
82
79
99
96
103
90
86
105
102
105
92
89
107
106
107
95
91
108
107
108
98
92
111
110
Machinery
Nonelectrical machinery
Electrical machinery
.do
do
do
103
99
108
106
102
112
105
101
112
102
100
105
102
98
107
101
96
108
101
96
109
101
96
108
101
95
108
103
98
109
104
99
112
107
101
116
110
103
120
109
102
118
do
do
..do
98
100
94
102
115
89
101
114
89
102
115
89
97
103
90
93
97
89
89
89
88
88
86
88
88
86
89
94
99
88
99
108
90
101
113
88
102
114
91
do
do.. _
do
do
do
112
110
113
115
109
119
110
107
120
113
118
109
103
118
110
119
109
100
117
113
119
107
95
117
110
116
103
96
114
107
116
101
100
111
107
113
100
99
111
108
113
103
100
112
107
113
105
106
115
110
116
107
107
117
114
119
112
111
121
117
119
114
111
121
117
__do__ _
do
do
do.. _
do____
110
113
120
106
111
113
109
124
100
112
113
106
122
97
112
113
104
122
101
112
112
102
123
99
110
Seas, adj., total index (incl. utilities).
By industry:
Manufacturing, total
Transportation equipment
Motor vehicles and parts
Aircraft and other equipment
Instruments arid related products
Clay, glass, and stone products
Lumber and products
Furniture and
fixtures
Miscellaneous manufactures
Nondurable manufactures
Textile mill products
Apparel products
_
Leather and products
Paper and products
r
Revised.
1
The total
2
*> Preliminary.
and components are annual totals.
Italicized totals for March and July exclude stepped-up rate of, and special Government life insurance dividend payments to veterans, respectively; total disbursements of
$150 million (March) and $218 million (July) multiplied by 12 (to put on annual rate basis)
r
r
r 1 14
r
v 120
v 126
P j2(}
f 126
P i()7
P 113
v
10H
P 119
» 113
P 113
r ](}{J
r
99
P 1 08
105
f> 96
P 92
P 1 10
v 109
108
102
' 118
v 110
v 103
» 119
95
95
93
P 103
c 111
•P 95
121
112
108
124
' 116
v 122
* 111
r 93
r 105
r
r
r
103
T
116
122
114
109
123
116
124
105
90
r
122
r
P 122
v 119
111
111
112
114
116
117
v 120
111
120
119
' 119
T
102
104
98
98
106
112
114
116
110
117
r
119
116
123
113
120
130
120
120
127
125
96
96
100
97
96
100
104
103
101
r
109
111
113
113
117
117
118
123
117
123
amounted to $1.8 billion (March) and $2.6 billion (July). Figures for transfer payments
and total nonagricultural income reflecting similar exclusion are as follows: March—$31.9
billion and $388.6 billion; July—$32.5 billion and $401.4 billion.
9 Includes data not shown separately.
t Data for 1960 have been revised to incorporate
more recent information; revisions prior to Aug. 1960 will be shown later.
SUEVEY OF CURRENT BUSINESS
S-4
1959
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1960
Monthly
average
'November 1961
1961
1960
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
GENERAL BUSINESS INDICATORS—Continued
INDUSTRIAL PRODUCTION^— Continued
Federal Reserve Index of Quantity Output — Con.
Seasonally adjusted indexes— Continued
By industry— Continued
Nondurable manufactures— Continued
Printing and publishine:
. 1957=100
Newspapers
do
Chemicals and products
do
Industrial chemicals
do
Petroleum products _- -do _
113
108
121
124
109
114
108
120
126
108
112
100
120
125
106
111
104
119
125
106
no
127
108
112
107
121
127
111
102
118
124
106
110
104
120
127
106
110
105
123
130
108
111
105
127
135
111
113
106
129
138
111
114
IOC
100
106
112
114
109
109
108
114
111
109
109
108
111
110
109
109
109
109
117
105
103
110
no
in
113
102
110
110
108
116
96
111
111.
109
116
no
111
111
111
114
112
113
107
116
121
113
113
112
116
95
96
98
78
99
98
109
111
96
77
98
98
106
106
96
68
100
101
106
107
97
97
98
98
101
101
108
97
83
98
98
97
112
110
100
100
86
114
101
101
89
116
101
101
90
118
do
do
do
115
115
114
do. _
do
do_ _
107
Automotive products
\utos
Auto parts and allied products
Home °"oods9
Appliances TV and radios
Furniture and ru°'s
105
104
114
118
105
111
107
do
do
do-.
do
do
do_.
- do
do
do . .
do
- do_
Rubber and plastics products
Foods ?nd beverages
Food manufactures
- Beverages
Tobacco products
-
11 :
in
no
115
98
no
no
112
115
122
99
99
92
114
97
81
99
99
SS
116
101
101
95
113
98
81
99
98
107
109
123
123
123
126
127
121
124
12,5
120
123
124
118
123
121
120
125
125
123
125
125
124
125
125
125
127
127
128
130
131
129
no
no
111
114
116
110
114
114
no
n-i
108
112
108
107
110
102
107
no
115
109
113
111
101
107
111
100
109
114
109
111
115
113
do_
do
do
103
96
153
117
117
117
lift
119
112
120
123
116
113
109
118
97
119
94
78
118
90
73
115
88
71
115
103
92
120
do
do
do
115
114
119
115
112
118
112
no
119
103
115
no
104
111
110
106
11 3
108
106
109
109
109
109
110
108
110
Apparel and staples
_
do
Apparel, incl. knit goods and shoes.clo
Consumer staples
- do
Processed foods
do
110
11(5
108
108
114
117
113
109
114
113
114
110
114
114
114
110
113
114
113
109
113
111
113
109
113
108
114
113
110
114
Beverages and tobncco
do
Drugs soap and toiletries
do
Newspapers, magazines, books.
_
_
do
Consumer fuel and liglitin rr
do
108
111
106
113
110
118
113
119
110
119
116
121
112
122
115
120
111
118
116
119
113
118
116
119
112
118
117
123
100
100
97
104
98
115
103
105
102
118
101
92
103
105
101
120
101
87
103
10,5
99
121
103
86
102
103
100
119
99
88
101
102
98
117
99
99
- do_
do
do
do
do
104
100
101
103
107
106
102
109
101
107
104
99
112
97
106
103
97
103
98
105
101
do
do
do
do
107
108
109
107
no
no
109
109
in
no
109
111
_ .do
do
100
90
113
103
97
121
i GO. 0
29.7
14. 5
15 2
Mining
_- .
Coal
Crude oil and natural ga^
Crude oil
Metal rnininsr
Stone and earth minerals
-
S2
99
98
r
114
!07
132
141
116
114
107
132
143
115
123
114
114
117
110
123
r 114
r
115
119
r
*115
111
»113
114
113
r 113
r
114
107
132
98
82
101
101
93
113
?99
P84
p 101
p 101
-137
P138
r
p 116
p 119
p 116
99
81
102
' 103
"-90
114
132
132
135
113
118
118
114
120
120
115
120
IIS
108
101
US
113
109
120
115
110
125
r
117
110
126
114
111
11 fi
117
116
117
122
123
122
124
127
119
r
120
110
1 22
114
114
114
111
115
116
11 5
111
110
115
117
113
118
118
118
114
119
122
119
114
120
124
119
- 114
117
115
125
111
116
114
121
114
119
114
113
124
117
122
110
123
116
125
115
126
119
127
116
126
117
129
100
101
98
118
95
98
100
101
98
118
91
103
99
100
96
117
93
104
100
102
97
118
94
107
102
103
99
120
95
104
102
104
99
123
95
106
104
105
101
125
96
98
105
106
102
127
98
78
94
98
102
99
91
91
95
99
98
90
88
95
98
98
89
83
95
97
99
90
85
95
99
103
96
93
98
104
106
101
107
99
107
109
104
109
101
110
110
104
109
104
111
111
106
115
105
112
109
110
107
111
109
108
109
110
108
108
110
108
109
108
112
107
111
111
114
110
112
110
106
112
107
108
108
109
no
.110
114
113
115
112
T
115
••114
116
114
117
110
121
113
103
96
123
103
97
121
103
98
120
102
97
120
101
96
119
101
96
120
102
96
122
104
98
123
105
98
12/
106
98
129
1 61.0
60.4
60.3
59. 9
59. 4
58.7
59.3
60.2
60. 1
61.6
61.9
61.7
r 62. 5
62.0
30.4
14.7
15.7
30. 1
14.4
15.7
29. 6
14.1
15.5
29.3
13.8
15.4
29.1
13. 6
15. 5
28.7
13.2
15.5
29.0
13.3
15.7
29.6
13.7
15.9
30.1
14.1
16.0
30.8
14.6
16.2
30.9
14.7
16.2
31.2
14.8
16.4
'31.5
<• 15.1
16.4
31.5
15.0
16.5
(o
do
do___-
12.3
4.6
7. 7
18 0
6.0
12.0
12.3
4.4
7.9
18.3
5.9
12.4
4.3
7.8
18.1
5.8
12.3
12.2
4.3
7.9
18. 5
6.1
12.5
12 9
"4! 2
8.0
18.4
5.9
12.5
12. 3
4.3
8.0
17. 9
5.5
12.4
12.2
4.3
8.0
17.8
5.4
12.4
12.4
4.2
8.2
17.8
5.3
12.4
12. 5
4.2
8.3 I
18.1
5.5
12.6
12.1
4.1
8. 1
17.9
5.4
12.5
12.8
4.3
8. 5
18.0
5.5
12.4
12.8
4.4
8.4
18.2
5.6
12.6
12.5
4.3
8.2
18.0
5.5
12.5
Mfg. and trade inventories, book value, end of year
or month (seas, adj.), total- ..
_._bil. $._
89.4
92.4
93.1
93.0
92.7
92. 4
92.0
£1.7
91.0
91.2
91.3
91.5
52 4
30.1
22.3
53.7
30.9
22.9
54. 7
31.8
22.9
54. 4
31.4
23.0
54.0
31.1
22.9
53. 7
30.9
22.9
53.7
30.8
22.9
53.6
30.7
22.9
53.3
30.3
23.0
53. 4
30.2
23.2
53.4
30.2
23. 2
53. 4
30.2
23.2
12.6
Wholesale trade, total
do
6.6
Durable goods establishments
do
6. 1
Nondurable goods establishments
do
24. 3
Retail trade, total
do
11.0
Durable goods stores
do
1,3.3
Nondurable eood s stores
_ _ _ _ _ _ . do
r
Revised.
p Preliminary.
1
Total and components are based on unadjusted data.
t See corresponding note on p. S-3.
9 Includes data not shown separately.
13.2
6.8
6.4
25.4
11.9
13.5
13.1
6.9
6.2
25.3
11.8
13.6
13.2
6.9
6.3
25.4
11.9
13.5
13.3
6.9
6.4
25.4
11.9
13.5
Utilities
Electric
Gas
By market grouping:
Final products, total
__.
Consumer poods
Automotive and home goods
__
Equipment including defense 9
do
Business equipment
-_ --do. _ _
Industrial equipment
do
Commercial equipment
do
Freight and passenger equipment-- do
Materials _
_
Durableffoocls
materials °
Consume r durable
Equipment
Construction
Nondurable materials 9
Business supplies
Containers
General business supplier
Business fuel and power
Mineral fuels
ion
no
10! '•
no
no
no
in
r
r
r
132
132
130
J1
106
98
129
f
r
r
r
108
100
131
113
r
117
r
no
T
96
82
118
p 109
y 102
121
119
126
r 119
119
p 121
r 119
p 121
114
124
119
106
r
107
101
128
105
98
r
r
p!09
pllO
109
104
99
101
109
pill
p 106
IIP)
114
118
112
p 116
108
M08
p99
99
BUSINESS SALES AND INVENTORIES §
Mfg. and trade sales (seas, adj.), total
bil.$__
Durablo goods industries
do
Wholesale trade total
Durable goods establishments
Retail trade total
Durable goods stores
Nondurable goods stores
_ _ _
^Manufacturing total
Durable "^ood^ industries
Nondurable goods industries
do
do
_
do
('o
do
-4. 4
8. 4
18.2
5.5
12.7
12.4
4.2
8.2
18.1
5.6
12.6
91.8
92.1
92.7
53.5
30.4
23.2
54.0
30.8
23.2
54. 4
31. 1
23.3
r 12.8
r
13.6
13.5
13.6
13.6
13.2
13.4
13.5
13.2
13.1
13.3
6.7
6.8
6.8
6.8
6.8
6.7
6.8
6.7
6.7
6.7
6.8
6.7
6.8
6.4
6.5
6.6
6.7
6.8
6.8
6.4
24.7
24.4
24.5
24.5
25.4
25.2
24.9
24.4
24.7
24.6
10.9
11.0
11.6
11.0
11.4
11.9
11.0
11. 1 ••11.2 "10.8
13.5
13.5
13.7
13.6 r 13.7
13.5
13.6
13.5
13.5
13.5
§ The term "business" here includes only manufacturing and trade. Business inventories
as shown on p. S-l cover data for all types of producers, both farm and nonfarm. Unadjusted
data for manufacturing are shown on p. S-5; those for retail and wholesale trade on pp. S-ll
and S-12.
SUEVEY OF CURRENT BUSINESS
November 1961
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1959
1960
Monthly
average
1960
Sept.
1961
Nov.
Oct.
Dec.
Jan.
Feb.
Apr.
Mar.
May
June
July
Aug.
Sept.
Oct.
GENERAL BUSINESS INDICATORS—Continued
BUSINESS SALES AND INVENTORIES— Con.
Inventory-sales ratios: *
Manufacturing and trade total
Manufacturing, total
Durable goods industries
Purchased materials
Goods in process
Finished goods.- _ _ _
_
Nondurable goods industries
Purchased materials
Goods in process
Finished goods
ratio
1 54
1 54
1 55
1 56
1 57
1 54
1 51
1.52
1 48
1 48
1 49
r
do
do
do
do
do
1 82
2.21
1 84
2.23
1 85
2.25
1 84
2.27
1.87
2.34
1.85
2.30
1 80
2.21
1.77
2.13
1.73
2.07
.53
.82
.72
1 73
2.06
r
.82
.72
1 72
2. 05
.52
.82
.72
do
do
do
do
1 46
1.43
.55
.20
.68
1 43
.55
.20
.67
1.42
.55
.20
. 67
r r1 42
.58
.86
.77
.57
.20
69
Wholesale trade, total
do
Durable goods establishments
_
do
Nondurable goods establishments
do
Retail trade, total _ _ _ _ _ _ do
Durable roods stores
do
Nondurable goods stores
_ _
_ _ do
1.08
1.59
.79
.59
.87
.78
1 48
.57
.20
.71
1.09
1.62
.58
.88
.79
1 48
.57
.20
.71
.59
.88
.79
1 47
.56
.20
.71
.61
.92
.81
1.48
.56
.20
.72
.60
.90
.79
1.46
.55
.19
.71
.58
.87
.78
1 45
.55
.19
.71
1.07
1.61
1.08
1.57
1.38
2.02
1.08
1.42
2.17
1.09
1.42
2.17
1.09
1.40
2.13
1.09
1.35
1.98
1.07
1.08
1.61
.80
.80
1.40
2.04
1.10
1.37
1.96
1.08
.80
.81
1.06
1.61
.78
1.06
1.59
.79
.55
.84
.74
1.45
.56
.20
.70
1.06
1.54
.81
1. 35
1. 98
1.07
' 1.09
1.37
2.02
1.08
1.05
1.55
.80
1.36
1.98
1.09
1. 11
1.66
.83
1 48
1 50
1 72
r<
1 73
2.08
.53
.83
.72
2. 05
.51
.82
.71
r
.54
.20
.67
1 42
.55
.20
.67
1 06
1.57
80
1.35
1 98
1. 08
1.09
1.61
.82
1. 36
1.97
1.09
T
r
r
* 1.60
r
»• .82
1.37
2.02
1.08
T
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS
Sales value (unadjusted), total
Durable goods industries, total 9
Primary motal
Iron and steel
Fabricated metal
_
r 32 09
bil $
29. 74
30.41
31 10
31 06
29 65
28.79
27.69
27.42
31.28
29.38
31.52
32.28
28.51
do
do
do
do
14.68
14. 51
2 21
2 15
1.39
1.34
1 P>8 1 67
14. 58
1 96
1 16
1 83
14.71
1 91
1 14
1 68
14.14
1 80
1 04
1 54
13.74
1 72
12. 58
1 71
1 36
14.58
1 96
1. 15
1 60
13.96
1 94
1. 15
1 46
12.59
1 81
1.07
1 39
15.18
2 23
1.36
1 73
15.77
2 97
1.40
1 83
13.17 r 14. 70
1 86 r 2 20
1 15
1 39
1 64 •r 2 02
4 76
2 10
2. 66
1.16
4 58
1 85
2.64
1.18
4 74
2 0?
2.72
1. 18
4 35
1. 79
2. 56
1.08
4 48
1.83
2. 65
1.10
5 10
2 02
3.07
1.26
4 78
1.87
2.91
1.20
4 97
1.93
3.04
1.28
5 17
2.05
3. 13
1.37
4 33
1 69
2.64
1.14
2.82
1 . 63
3.29
1.85
.79
.75
3.19
1.91
3.61
2 22
.90
.84
2 85
1.69
.78
. 74
.99
.99
r 4 93
T 2 03
do
do
do
do
4 51
1.84
2. 67
1.01
4 72
1.95
1.16
4 87
2 11
2 76
1.14
do
do
do
do
3.29
1.99
. 96
.73
3.45
2. 16
3 04
1.74
3 54
2.33
3 62
2. 27
3. 50
2. 12
2.87
1.71
. 68
.58
.67
.58
.69
3.49
2.14
.86
.79
do
15.23
15.73
16. 52
16.35
15. 52
15. C5
15.10
14.85
16. 70
15. 42
16.34
16.51
4.56
.41
1 23
1 01
2.14
3 09
.51
4.70
5.01
4.97
4.70
4.60
4.52
4.51
1 21
1.06
2.31
3. 18
1 29
1 13
2.45
3 16
1 28
1 10
2. 36
3 16
1 09
.53
2. 07
3 44
1 01
1 04
2.23
3 33
.50
1 21
1 05
2. 17
3 17
1 22
1 17
2.51
3 27
.45
.45
4 SI
. 36
1 08
1.02
2.12
3 07
4.94
_
do
do
do
do
do
do
do
1 12
1 12
2.44
3 10
.48
4.93
.45
1 18
1.20
2.64
3 24
.52
4.88
.45
1 31
1.22
2.60
3. 24
.54
do
30 09
29.60
29.25
29. 14
28. 67
29.03
29. 55
30. 12
30.78
Durable goods industries, total 9
Primary metal
Iron and steel _
Fabricated metal
do
do
do
do
14.41
1 92
1 14
1 65
14.08
1 79
1.06
1 53
13.81
1 79
1 04
1 57
13. 62
I 75
1.00
1 58
13. 17
1 76
1.03
1 55
13. 32
1 81
1.06
13.69
1 79
1 05
1 60
14. 14
1 95
1 17
1 62
14.58
2 13
1.32
1 69
Machinery
Electrical
_ _ _ _ _ _ _
Nonelectrical
Industrial
_. .
do
do
do
do
4 66
1.94
2 72
1 12
4 59
1.93
2 66
1. 13
4
1
2
1
61
87
74
16
4 58
1.89
2 69
1 12
4 65
1.90
2 74
1. 18
4.65
1.93
2 7?
1. 14
4
1
2
1
85
02
83
21
4 82
1.95
2 86
1 23
4 83
1.95
2 88
1.27
4
1
2
1
Transportation equipment _ _.
Motor vehicles and parts
Lumber and furniture
_ _ _
Stone, clay, arid glass
do
do
do
do
3.57
2 28
3.63
2 42
3 30
1 99
3.15
1 87
2.77
1 53
2.83
1 59
3 02
1 64
3 15
1 84
3.41
2 14
84
.74
3 32
2 09
87
.76
r 3 36
Nondurable goods industries, total 9
do
do
do
do
do
do
do
do
Machinery
Fjlectrical
Nonelectrical
Industrial
_
_
Transportation equipment
Motor vehicles and parts
Lumber and furniture
Stone, clay, and glass
-
_
_
_
Nondurable goods industries, total 9
Food and beverage. _ _ _ _
Tobacco
Textile
Paper
Chemical
_
Petroleum and coal
Rubber __ _
_ _
Sales, value (seas, adj.), total
Food and beverage
Tobacco
______
Textile
Paper
Chemical
_
Petroleum and coal
Rubber
_ _
_
Inventories, end of year or month:
Book value (unadjusted), total _ _ _ _
do
Durable goods industries, total 9 -.
Primary metal. _ _ _ _ _
Iron and steelFabricated metal
__.
Machinery _
Electrical
_
Nonelectrical
Industrial.
_______
Transportation equipment
Motor vehicles and parts
Lumber and furniture
Stone, clay, and glass
_
By stages of fabrication:
Purchased materials
_
Goods in process
Finished goods
_
_
.
.86
.73
.40
.51
90
.80
41
40
.79
.70
43
.46
.40
98
.38
.42
.42
.50
71
94
76
15
37
4
2
2
1
1 30
9 50
r 1 96
r 98
r Ql
2 99
1 66
90
84
15. 34
17 39
17 01
4. 6n
43
1 06
1 07
2. 28
3 15
.46
r 4 94
46
T
1 35
1 27
r 2 65
r 3 33
r 52
5 06
42
1 33?
1 2'
2 67
3 14
51
30. 90
31. 16
r 31 46
31 47
14.69
2 07
1.26
1 72
14. 79
2 20
1 36
1 70
T
15 05 r 14 98
r 9 22
2 2°
1 39
1 37
r
1 74
1 69
T
4 99
r 2 02
2 c'7
1 31
88
95
93
29
.70
.70
.70
.69
.70
.73
.69
' .79
15 67
15 52
15 44
15 51
15 50
15 71
15 86
15 98
16 20
16 21
16 36
r J6 41
16 49
4 69
4 70
4 66
4 74
4 73
4 87
4 80
4 80
1
1
2
3
1
1
2
3
1
1
2
3
1
1
2
3
1
1
2
3
1
1
2
3
1 20
1 14
2 40
3 *>5
48
4 70
41
1 27
1 18
2 51
3 22
50
4 78
43
1 24
1 17
2 50
3 29
47
r 4 75
1 20
1 09
2 30
3 20
4 80
43
1 22
1 16
2 47
3 31
50
4 89
41
1 27
1 19
2 54
3 2°
53
. 73
.39
51
39
15
04
26
23
49
79
42
13
05
22
19
50
.80
.39
14
06
26
22
47
.74
.41
08
06
26
23
45
.73
.41
10
08
30
18
46
42
16
10
38
08
49
80
40
r
r
r 9 Q6
r §7
r
43
1 93
1 18
r 2 57
r 3 29
r P>2
54.26
54.34
54 22
53 90
54 07
54 08
53 81
53 73
53 77
53 59
53 23
r 53 62
do
do
do
do
30.26
4.31
2.58
2.96
30.81
4.69
2.81
2.98
31.57
4 70
2.83
3.19
31.40
4 71
2.84
3.12
31.18
4 68
2.82
3.04
30.81
4 69
2.81
2.98
30.88
4 61
2.75
2.97
30.91
4 57
2.71
3.00
30 77
4 52
2 68
3.02
30.63
4 48
2 66
3.02
30
4
2
3
65
45
65
07
30
4
2
3
49
44
66
10
30 25
r
do
do
do
do
9.88
3.69
6.20
2.39
10.27
3.94
6.33
2.48
10 40
4 04
6.36
2 53
10 33
3.98
6.36
2.52
10 33
3 96
6.36
2 50
10 27
3 94
6.33
2 48
10 26
3 91
6.36
2 46
10 32
3 94
6.38
2 46
10
3
6
2
10
4
6
2
10
4
6
2
45
08
36
47
10
4
6
2
37
06
31
44
10
3
6
2
do
do
do
do
7.38
3.20
1.86
1.34
6.97
3.14
1.83
1.43
7.26
3.32
1.90
1 40
7.28
3.30
1.92
1 39
7 20
3.21
1.90
1 39
6 97
3 14
1.83
1 43
7 06
3 15
1.86
1 45
6 98
3 07
1.85
1 48
8.51
12.14
9.62
8.20
12.05
10.56
8 52
12. 50
10.55
8.48
12.43
10.49
8 36
12.33
10.49
8 20
12.05
10. 56
do
do
_ do _.
37
98
39
47
6 83
2 96
1.84
1 47
38
01
36
46
6 70
2 87
1.84
1 48
6 65
2 85
1.82
1 48
6 57
2 80
1.82
1 45
7 65
7 67
7 66
12 08
12 05
12 00
10.94
10.88
10. 85
end-of-month inventory book values by total sales during
appear on p. 20 of the June 1961 SURVEY.
9 Includes data not shown separately.
8 01
12 18
10. 69
7 93
12 15
10.83
7 81
12 09
10.86
3Q 59
4 55
2 76
r 3 05
64
61
82
03
20 T 10 13
99
3 98
21
6 15
42
2 41
10
3
6
2
09
97
12
41
2 73
3.07
6 46
2 70
1.82
1 45
6 87
3 08
1.83
1 43
1 15 3
53 76
30
4
2
3
4 r-2
U5. 9
5 08
2 11
2 98
1 33
3. 29
2 01
84
.72
.78
r
2
Revised.
1 Advance estimate.
Total and components are end-of-year data.
*Stock-sales ratios are based on the seasonally adjusted sales and inventories series
presented on this page and on pp. S-4, S-6, and S-ll. The ratios are derived by dividing
79
.60
r
15.08
2 19
1 36
1 86
5 00
2 00
3 QQ
1 34
3 30
1 96
83
.80
.81
2 52. 88 2 53. 90
86
.78
r 2 9()
32 09
r
6 92
3 jo
1.84
1 43
7 78 r 7 gg
7 99
11 89 T 12 26
12 36
MX 30
10. 58 r 10. 44
the month. Data back to 1955
SUEVEY OF CURKENT BUSINESS
S-6
1959
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1 1960
End of
1960
Sept.
year
November 1961
Oct.
1961
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
Aug.
July
Oct.
Sept.
GENERAL BUSINESS INDICATORS—Continued
1
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS— Continued
Inventories, end of year or month— Continued
Book value (unadjusted) — Continued
Nondurable goods industries total?
bil $
22, 61
23. 09
22. 69
22.94
23.04
23.09
23. 19
23.16
23. 05
23.10
23.12
23.10
22.97
- 23. 03
23.12
5.01
2.04
2.51
1.51
4.08
3.36
1.16
5.18
2. 08
2. 63
1.63
4.19
3.32
1.14
5.06
1.93
2.57
1.60
4.03
3.39
1.16
5. 24
2.02
2. 53
1.61
4.09
3.42
1.13
5.26
2.00
2.58
1.62
4.14
3.41
1J3
5.18
2 08
2.63
1.63
4.19
3.32
1.14
5.13
2.14
2.71
1.63
4.23
3.24
1.16
5.02
2.10
2.77
1.66
4.28
3.24
1.17
4.94
2.05
2.81
1.66
4.27
3.26
1.16
4.92
2.01
2.84
1.68
4.27
3.29
1.15
4.83
1.94
2.86
1.69
4. 20
3.35
1.14
4.84
1.88
2.82
1.68
4.20
3. 36
1.12
4.90
1.80
2.79
1.66
4.19
3.41
1.10
5.12
1.87
'2.71
r 1.66
-4.16
-3.43
1.09
5.23
1.98
2.65
1.64
4.10
3.50
1.10
9.29
2.96
10.36
8.99
3. 00
11.10
8. 68
3.08
10. 93
8.82
3. 06
11.06
8.85
3.07
11.12
8.99
3. 00
11.10
8.99
3.07
11.13
8.91
3.08
11.17
8.93
3.09
11.02
8.90
3.14
11.06
8.86
3. 25
11.00
8.79
3.30
11.01
8.72 -8.64
3.33 - 3. 30
10. 92 - 11.08
8.76
3.29
11.08
do
52.43
53. 74
54. 71
54. 38
54. 01
53. 74
53.67
53. 60
53. 31
53. 38
53. 37
53. 36
53. 55
do
__do
do
.do
30.08
4.12
2.39
3.05
30. 86
4. 50
2.62
3.12
31.84
4. 64
2.74
3.27
31.43
4.57
2. 68
3.18
31.07
4. 52
2. 63
3.10
30. 86
4. 50
2.62
3. 12
30.76
4.49
2. 63
3. 02
30. 65
4. 51
2.66
3.02
30.30
4.47
2 66
2. 95
30.15
4.51
2 73
2.92
30. 1 5
4.51
2.74
2.93
30. 20
4. 60
2.84
2. 92
30.37 ' 30. 80 31.09
4.66 '4.63
4.67
2.89
2.85
2.85
3.02
2.95
3.12
9.92
3.73
6.18
2.41
10. 40
4.02
6.38
2.51
10. 53
4.06
6.47
2. 55
10.41
4. 01
6.43
2. 52
10. 35
3.98
6.38
2.48
10.40
4.02
6.38
2.51
10.32
3.98
6.34
2.48
10.28
3.96
6.31
2.47
10.25
3.96
6. 29
2.45
10.21
3.94
6.27
2.44
10.20
3. 96
6. 25
2.43
1 0. 1 4
3. 92
6.22
2.40
10.17
3.95
6. 22
2.41
do
_ _ _ __do
do
do
7.18
3.04
1.87
1.36
6.85
3.01
1.84
1.44
7.24
3.32
1.94
1.46
7.10
3.13
1.96
1.46
7.02
3.03
1.93
1.43
6. 85
3.01
1.84
1.44
6.92
3. 03
1.85
1.44
6.86
2.93
1.85
1.43
6.69
2.85
1.84
1.41
6.60
2.83
1.83
1.42
6.63
2.88
1.80
1.42
6.64
2.91
1.80
1.43
6. 64
2.88
1.80
1.45
do
do
do
8.30
12.08
9.71
8.05
12. 06
10. 76
8.42
12.39
11.03
8.26
12. 25
10.92
8.05
12.12
10. 90
8.05
12. 06
10.76
8.03
12.07
10. 65
8.01
12. 05
10.59
7.91
11.90
10. 49
7.81
11.87
10. 47
7.78
11.91
10.47
7.60
12.03
10. 57
7.70 - 7 . 7 4
12.07 -12.31
10.60 - 10. 75
do
22.34
22.88
22.87
22. 95
22. 93
22.88
22. 91
22. 95
23.01
23.22
23.22
23. 16
23.18
do
do
do
- -do
do __
do
do__
4.79
1.98
2.53
1.51
4.03
3.32
1.14
4.98
2.03
2. 67
1. 63
4.13
3.31
1.12
4.98
2 00
2.64
1.64
4.16
3.26
1.20
5. 01
2 03
2.64
1.65
4.18
3.28
1.16
4.96
2 02
2.66
1.65
4. 18
3.30
1.14
4.98
2.03
L63
4.13
3.31
1.12
5.00
2.01
2.70
1.62
4.17
3.29
1.13
5.01
1.98
2.73
1.63
4.19
3.32
1.13
5.06
1.98
2.76
1.62
4.19
3.37
1.12
5.14
1.98
2.76
1.64
4.26
3.37
1.13
5.07
1.97
2.76
1.66
4.24
3.37
1.14
5. 05
1.96
2.75
1.67
4. 24
3.37
1.13
5.09
1. 96
2.75
1.66
4.25
3.38
1.13
___ -
_do__
do
do
8.95
3.03
10.36
8. 75
3.08
11.05
8.89
3.09
10.89
8.85
3.10
11.00
8.78
3.14
11.01
8.75
3.08
11.05
8.74
3.07
11.10
8.68
3.04
11.23
8.78
3.05
11. 18
8.88
3.12
11.22
8.97
3.20
1 ] . 05
8.97
3.25
10. 94
8.96
3.31
10.91
New orders, net (unadjusted), total. _.
do _
29. 90
31. 05
30. 04
29. 02
28.33
27.58
27.68
31. 35
29. 62
31. 50
32.42
29.39
Durable goods industries, total 9 ._
Primary metal
Iron and steel.
Fabricated metal
do__ _
do
__ do
do
14.85
2.42
1.57
1.70
14. 24
1.87
1.09
1.62
14. 63
1.89
1.13
1.72
13.80
1.74
.99
1.62
13.59
1.77
1.02
1.46
13.33
1.65
.97
1.33
] 2. 35
1.85
1.18
J.38
12.76
1.85
1.10
1.38
14.51
2.12
1.27
1.62
14. 08
2.06
1.24
1.53
14.98
2.30
1.41
1.76
15.92
2.20
1.35
1.89
14.05 - 15. 14
1.97 -2.35
1.48
1.20
1.72
1.99
do
__do .
do
do_ _.
do
4.66
1.89
2 77
1.'07
3.23
4.70
1.97
2.72
1.16
3.38
4.88
2. 32
2.56
1.08
3.31
4.45
1.87
2.58
1.13
3.31
4.27
1.75
2.52
1.15
3.52
4.59
2.02
2.58
1.09
3. 58
4.25
1.67
2.57
1.06
2.63
4.46
1.79
2.67
1.12
2.82
5.16
1.99
3.17
1.32
2.97
4.73
1.90
2.83
1.16
3. 19
4.84
1.92
2.93
1.24
3.24
5.27
2.08
3.19
1.41
3.52
do
do_._
do
15.28
3.43
11.85
15.66
3.38
12.28
16. 42
3.57
12.85
16.24
3.52
12.72
15.42
3.35
12.08
15.00
3.14
11.87
15.24
3.25
11.98
14.91
3.19
11.72
16.84
3.73
13. 11
15. 54
3.43
12. 11
16. 52
3.65
12.86
do
30.40
29.21
29.02
28.70
28.50
29. 11
29.85
30. 44
do
do
do
do
14. 62
1.85
1. 12
1.54
13.74
1.64
.97
1.48
13. 60
1.75
1.03
1. 56
13. 22
1.77
1.06
1.46
12.88
1.81
1.14
1.52
13. 36
1.75
1.03
1.49
13.82
1.88
1.10
1.62
14.38
2.19
1.33
1.58
do
do
do
do
do
4.75
2.23
2.52
1.07
3.82
4.40
1.86
2. 55
1.10
3.69
4. 59
1.82
2.77
1.23
3.06
4.67
1.93
2.74
1.13
2.83
4.54
1.83
2.71
1.10
2.66
4.59
1.88
2.71
1.14
3.07
4.76
1.88
2.88
1.23
3.02
do
do
do
15. 78
3.58
12. 20
15. 47
3.31
12. 16
15.42
3.32
12. 10
15. 48
3.31
12.17
15. 62
3.36
12. 27
15.76
3.30
12.46
Food and beverage
Tobacco
Textile
Paper
_ _ _
Chemical
Petroleum and coal
.
Rubber
By stages of fabrication:
Purchased materials
Goods in process
Finished goods
do
do
do
do
do
do _
do
_
._
._
___
._
Book value (seasonally adjusted), total
Durable goods industries total 9
Primary metal _
Iron and steel
Fabricated metal
__
Machinery
_ ...
Electrical
Nonelectrical
Industrial
do..
do
_ do _ _
-do
Transportation equipment _
Motor vehicles and parts. .
Lumber and furniture
__
Stone clav, and glass
By stages of fabrication:
Purchased materials
Goods in process
Finished coods
Nondurable goods industries total 9
Food and beverage
Tobacco
Textile
Paper
Chemical
Petroleum and coal
Rubber.
By stages of fabrication:
Purchased materials
Goods in process
Finished goods
Machinery _
Electrical..
Nonelectrical
Industrial
Transportation equipment
do
do__ .
do
__
_
_
_.
- .
Nondurable goods industries, total
Industries with unfilled orders©
Industries without unfilled orders 1
New orders, net (seas adjusted) total
Durable goods industries, total 9
Primary metal
Iron and steel
Fabricated metal
Machinery
Electrical
Nonelectrical
Industrial
Transportation equipment
Nondurable goods
industries, total
Industries writh unfilled orders©
Industries without unfilled orders If
Unfilled orders, end of year or month (unadjusted),
total
.
.
_ bil. $
1
30. 13
1
4.57
1.81
2.76
1.16
3.21
r
54. 45
54. 03
10. 25
4.01
6.24
2.42
r 10. 19
-3.98
' 6. 20
r 2. 40
- 6. 95
-3.14
' 1. 81
- 1.48
T
r
6.97
3.13
1.85
1.49
7.94
12. 38
10. 78
23. 23
23.35
5.12
2.00
-2.74
1.68
- 4. 24
-3.38
1.13
5. 15
2.04
2.74
1.70
4. 20
3. 43
1.12
-8.94
-3.31
10. 97
9. 03
3.31
11.01
32. 18
- 32. 51
r
15. 19
2.15
1.33
1.89
- 4.94
- 2. 00
- 2. 94
- 1.31
-2.85
5.49
2.42
3.07
1.34
2. 77
16.50
3. 66
12. 84
15.34 - 17. 37
3.19 -3.78
12.15 - 13. 58
16.99
3.73
13.26
31.09
31. 10
31. 33 - 32. 18
32.29
14.80
2.19
1.32
1.74
14.92
2.20
1.35
1.82
15. 03 - 15. 65
2.33 -2.41
1.47
1.52
1.75
1.82
15.74
215.9
2.33
1. 50
1.76 1
4.74
1.99
2.75
1.20
3.28
4.78
1.97
2.81
1.22
3.36
4.77
1.78
3.00
1.32
3.34
16. 03
3.54
12.48
16.06
3.49
12. 57
16.29
3.55
12.73
4.89
1.91
2.99
1.26
3.45
5.07
2.10
2.96
1.31
3.61
5.49
2.36
3.13
1.34
3.38
16. 19
3.55
12. 63
16.30 - 16. 54
3.53 - 3. 69
12. 77 - 12. 85
16. 56
3.68
12.87
51.49
45.37
47.45
46. 44
45. 80
45. 37
45.27
45.52
45.59
45.83
45.80
45. 95
46. 82
- 47. 24
47.33
48.13
6.76
5.24
3.33
42. 85
3.41
2.28
2.73
44.68
3.67
2.47
3.00
43.77
3. 50
2.32
2.94
43.23
3.47
2.30
2.86
42.85
3.41
2.28
2.73
42.60
3.45
2.38
2.73
42.79
3.59
2.50
2.75
42.72
3.75
2.62
2.78
42.84
3.87
2.71
2.76
42.64
3.95
2.76
2.79
42.79
3.88
2.72
2.85
43.66
3.99
2.77
2.93
- 44. 10
4.14
2.87
2.90
- 44. 22
4.10
2.84
2.94
17. 79
._ do
do _. 9.98
do
7.80
do
3.40
..do
15.73
17.48
10.21
7.28
3.38
14.93
18.25
10. 63
7.62
3.52
15. 16
17.94
10. 40
7.53
3.50
14.93
17. 62
10.20
7.42
3.47
14. 83
17.48
10.21
7.28
3.38
14.93
17.38
10.09
7.29
3.36
14.70
17. 36
10. 04
7.31
3.38
14.70
17.42
10.01
7.41
3.44
14.39
17.37
10.04
7.33
3.40
14.38
17.24
10.02
7.22
3.36
14.13
17.34
10.06
7.28
3.40
14.04
17.59
17.58
10.18 - 10. 15
7.41 - 7.44
3.42
3.43
14.40 - 14. 75
18.00
10.46
7.54
3.44
14.52
do ._
2.66
2.52
2. 77
3.36
2.57
2
Advan ce estim ate.
Revised.
* Total and components are mon lily ave rages.
9 Includes data not shown separately.
©Includes textiles, leather, paper, and printi ng and publishi ng indus tries; uiifilled
orders
for other nondurable goods industries are zei'0.
2.52
2.67
2.73
2.87
2.99
3.17
3.16
Durable goods industries, total 9
Primary metal _ _
Iron and steel
Fabricated metal
Machinery
Electrical .
Nonelectrical
_
Industrial
Transportation equipment
do
do
do
do
_.
-
Nondurable goods industries, total© _
r
215.8
3.16
-3.13
2
44.2
3.11
11"or thes 3 indust ies (fooc ., bevergtges, tob acco, ap parel, p ^troleum , chemicals, and
rubbe r) sales a re consid ered equ al to nevT orders.
November 1961
SURVEY OF CUEEENT BUSINESS
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1959
1960
S-7
1960
Monthly
average
Sept.
1961
Nov.
Oct.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
GENERAL BUSINESS INDICATORS—Continued
BUSINESS INCORPORATIONS^"
New incorporations (50 States): £
Unadjusted
Seasonally adjusted*
16, 089
15,226
14, 043
15, 100
13,783
14, 982
12, 435
14, 131
14, 594
14 308
1 6, 350
14 469
13, 281
13 980
16, 783
14 722
14, 815
14 245
16 371
14 883
16 418
15 489
14, 483
15 742
15, 079
15 873
13, 616
16 405
1,171
1,287
1,269
1,344
1,311
1,353
1,404
1,449
1,610
1,441
1,545
1,403
1,275
1,604
1,285
105
172
205
573
116
114
217
218
615
123
113
218
218
604
116
132
231
229
613
139
111
228
231
617
124
110
245
231
637
130
121
219
228
685
151
116
262
229
693
149
135
266
271
786
152
131
245
238
704
123
!23
255
269
731
167
123
222
218
696
144
111
196
223
633
112
129
262
260
789
164
139
183
182
614
167
thous. $
57 734
78 219
80 604
81 508
84 463
78 971
81 520
88 083
19(5 692
86 114
80 471
83 828
69 168 102 693 116 664
do
do
do
_ _ _ _ _ _ ___do _ _
4 515
10 157
17 311
18, 903
6,848
8 981
16 781
24 136
20, 091
8, 930
12,715
14 417
23 Oil
23, 080
7. 381
16 644
17 877
16 104
20, 894
9, 989
7 309
16 6«3
28 887
22, 493
9, 091
3 579
28 104
18 878
20, 199
8,211
4 128
11 231
26 111
28 688
11,362
6 941
14 943
23 160
30 646
12, 393
13 344
2() 283
26 579
51 185
15, 231
7 093
13 127
23 915
32 562
10, 117
6 798
19' 162
18 944
24 776
10, 791
8 762
12 500
26 590
27 192
8,784
3 946
13 786
14 881
27 304
9.251
6 358
27 716
26 175
29 384
13,060
10, 950
10 048
66, 737
17,927
11,002
Failure annual rate (seasonally adjusted)
No. per 10,000 concerns.
i 51.8
i 57. 0
65.2
63.3
62.0
63.4
61. 1
64 2
62 9
60 8
64 3
60 7
62. 5
74.4
67.5
number
do
INDUSTRIAL AND COMMERCIAL
FAILURES^1
Failures, total
number-
Commercial service
Construction
Manufacturing and mining
Retail trade
Wholesale trade
do
do
do
do
do
Liabilities (current) total
Commercial service
Manufacturing and mining
Retail trade
Wholesale trade
_
COMMODITY PRICES
PRICES RECEIVED AND PAID BY FARMERS
240
238
238
241
241
242
241
244
243
239
236
234
237
241
242
240
do
do
do
do
do
221
235
267
156
202
221
227
254
151
203
222
192
272
152
197
222
212
267
147
200
219
219
254
136
204
217
220
243
141
204
218
212
233
146
207
221
210
227
150
209
224
217
240
150
208
226
228
249
145
202
230
233
250
151
203
231
253
261
152
200
232
261
265
156
201
229
214
276
154
209
229
198
277
156
214
226
195
286
154
217
do
do
_ do._
do
212
219
168
506
236
214
204
500
270
208
181
510
273
209
165
513
262
213
181
517
248
217
181
517
254
231
178
508
260
250
172
517
260
264
161
516
250
286
178
516
261
285
176
517
260
261
177
516
241
261
189
516
244
259
162
523
257
242
148
542
228
242
134
537
do
do
do
do
do
256
257
313
143
231
253
259
296
160
237
251
269
285
163
225
257
277
286
176
222
260
282
288
182
219
263
278
298
178
226
261
271
304
165
221
263
263
309
169
224
259
256
309
160
226
251
247
305
145
231
241
241
292
139
239
236
240
286
131
238
241
248
288
138
232
251
257
302
142
231
252
266
303
138
230
252
274
297
141
228
275
288
266
275
290
265
274
289
263
'273
290
262
274
291
262
275
291
265
276
291
267
277
291
267
277
290
'268
277
290
267
277
291
266
275
290
265
275
290
264
276
290
265
276
291
266
276
291
265
297
299
298
'296
297
298
301
302
302
302
302
300
300
301
301
301
81
80
80
81
81
81
80
81
80
79
78
78
79
80
80
80
124. 6
126. 5
126. 8
127.3
127.4
127.5
127. 4
127. 5
127. 5
127.5
127.4
127.6
128.1
128.0
2 128. 3
127.9
122.2
130.0
124. 0
130. 3
124.3
130. 7
124. 8
130. 8
125. 0
130. 8
125. 0
130. 6
124.8
130.8
125.0
130.9
125.0
130. 8
125.0
131.0
124.9
131.2
125.2
131.4
125.7
131.6
125. 6
132.0
125.8
do
_do _
do
do
116.6
118. 1
113.0
145.8
117.5
119.6
111.6
150. 0
117.7
120. 3
110.0
150. 8
118.2
120. 7
110.9
151.2
118.3
120.9
110.7
151.3
118.4
121.0
110.8
151. 4
118.0
120.7
110. 2
151.7
118.1
120. 8
110.3
151. 9
118.0
120. 7
109. 9
152.2
117.9
120. 4
110.7
152. 3
117.7
120.2
110.8
152.5
118.0
120.4
111.2
152.7
118.7
121.1
111. 5
152.8
1 18. 4
120.8
111.9
153.0
118.7
121.0
111.9
153.2
do___
do
__do___
___do __
do
107.9
118.3
114.3
125.1
110.7
109.4
119.7
116.8
128.3
109.3
110.6
120.2
117.5
124.6
110.2
111.0
120.9
118.4
124. 8
110.0
110.7
121.1
118.9
126. 2
109. 9
110.6
121.4
119.3
126. 3
110.5
109.4
121. 3
119.1
126.1
111.6
109.6
121.4
119.0
127. 2
111.8
109. 8
121.2
118.5
127. 8
111.4
109.5
121.2
117.9
131.4
110.5
109.6
120.7
117.5
132.2
108.7
109. 6
120.9
117.3
135.4
107.4
109.9
122.0
118.0
138. 2
107.8
109.9
121.2
118.5
132.4
108.4
111.1
121.1
119.0
126.5
109.4
129.2
119.9
103.9
139.7
131.5
124.8
104.2
141.8
132.0
125.7
104.1
142.1
132.2
125.7
104. 0
142. 5
132. 1
125.7
104. 0
142. 7
132. 3
125.6
103.9
142.8
132.3
125. 9
103. 6
142. 9
132.4
125. 9
103.7
143,1
132. 5
125.9
103. 9
143.1
132.3
125.8
103.8
143.3
132.2
126.2
103.5
143.4
132.4
126.3
103.9
143. 5
132.4
125.6
103.6
143.6
132.3
125. 6
103.2
143.6
132.6
125.7
103.8
143.9
150.8
131.2
118.6
156. 2
133.3
121.5
156.9
133.9
122.1
157. 3
134. 0
121.9
157. 9
133.9
122.5
158. 0
133.7
122.3
158.5
133. 7
122. 2
159.4
133.8
122. 7
159.6
133.6
123.4
159.9
133. 8
124.1
160.4
133.8
123.9
160. 9
133.9
123.5
161. 2
134.3
124.1
161. 4
134.2
124.4
161.7
134.3
125.0
146.3
146.2
146. 1
144.7
146.5
135. 2
134.5
134.1
132.8
134.4
199.3
192.7
200. 3
201. 2
202.9
132.2
129.7
132.7
132.7
132.7
T
Revised.
* Based on unadjusted data.
2 index based on 1935-39=100 is 214.5.
d"Data are from Dun & Bradstreet, Inc.
{Figures in 1961 BUSINESS STATISTICS
volume, also the 1959 average shown here, cover 49 States (Alaska not included); see July
1961 SURVEY for unadjusted data back to January 1960 for 50 States.
146. 5
134.5
202.9
132.7
146.2
134. 0
205.5
132.6
Prices received, all farm products
1910-14= 100- _
Crops
Commercial vegetables
Cotton
Feed srains and hay. _
Food grains
Fruit
Oil-bearing crops
Potatoes (incl. dry edible beans)
Tobacco
Livestock and products
Dairy products
Meat animals
Poultry and eggs
Wool
_
_ _
Prices paid:
All commodities and services
do
Family living items
do
Production items _
do
All commodities and services, interest, taxes, and
wage rates (parity index)
1910-14 =100- _
Parity ratio§
do
CONSUMER PRICES
(U.S. Department of Labor Indexes}
All items
Special group indexes:
All items less food
All items less shelter
All commodities
Nondurables
DurablesServices
1947-49=100.do___
do
._
_ _
Apparel-..
Food?
Dairy products
Fruits a n d vegetables _ _ _ _ _ _ _ _
Meats, poultry, and fish _ __ _
Housing 9
Gas and electricity
Housefurnishings
Rent
Medical care
Personal care _ _
Reading and recreation
Transportation
___
Private
Public
Other goods and services
do
do
__do _ _ _
do
___ _ - do
do_._
do
do
do___
do
do
146.2
145.7
149.4
145.8
146.6
149.3
147.7
148.3
133. 9
133.4
133.4
134. 2
135. 3
135.9
136.8
136.9
206.5
205.7
205.7
206.5
207.3
208.5
209.1
209.4
132. 6
132. 6
132.6
133.1
133. 6
133. 1
133.6
133.8
*New series. Data for Jan.-Dec. 1959 (49 States) and beginning Jan. 1960 (50 States)
appear in the Oct. 1961 SURVEY.
§ Ratio of prices received to prices paid (including interest, taxes, and wage rates).
9 Includes data not shown separately.
SURVEY OF CURRENT BUSINESS
S-8
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1959
1960
Monthly
average
November 1961
1961
1960
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
COMMODITY PRICES—Continued
WHOLESALE PRICES d*l
(U.S. Department of Labor Indexes)
119.5
119.6
119.2
119.6
119.6
119.5
119.9
120.0
119.9
119.4
118.7
118.2
118.6
118.9
118.8
118.7
do
do
do _.
96.7
127.0
120. 6
94.5
127.0
121. 5
92.9
126.8
121. 5
93.3
126.6
122. 4
93.0
126.5
122. 7
93.3
126.4
122. 2
94.7
126. 7
122. 4
95.1
126.7
122. 6
95.2
126.9
122. 2
94.6
126.9
121. 3
93.2
126.3
120. 7
91.6
125.8
120. 6
92.7
125.6
121. 2
94.8
125.5
121. 4
93.8
'T 125. 7
121.3
93.6
125.4
121.3
do
do
105.0
145.9
105.3
145.7
105.3
144. 5
105.8
144.9
105.8
145.0
105.6
145.0
106. 1
145. 1
106.3
145. 0
106.2
145.1
105.3
145.3
104.3
145.3
103.5
145.4
104 2
145 3
104.6
145.2
' 104. 5
145.2
104.4
145.0
Farm products 9
Fruits and vegetables, fresh and dried
Grains
Livestock and live poultry
_
do
do
do
do _
89.1
102.7
77.3
85.1
88. 8
106.7
75.7
82.6
87.7
104.7
74.9
79.0
89.5
109.2
73.5
80.7
89.9
107.5
70.3
81.8
88.7
99.5
72.7
82.8
89.7
103.7
75.2
84.7
90.0
99.8
76.0
85.3
89.9
105.9
76.4
83.1
88.5
100.2
73.8
82.0
86.8
101.4
74.8
78.2
85.1
103.3
74.2
75.4
87 1
104.3
77 8
75 5
88.6
97.3
78 1
80.3
87.2
'94.9
78.0
77.6
87.1
94.7
77.9
76.9
Foods, processed 9
Cereal and bakery products
Dairy products and ice cream
Fruits and vegetables, canned, frozen
Meats, poultry, and
fish
do
do
do _
do
do
107.0
119.3
114.3
109. 0
98.2
107.7
121.8
118.5
107.0
96.7
108.1
122.4
120.5
107.7
96.0
109.0
123.1
121.3
108.8
97.8
109.1
123.1
121.7
109.4
96.6
109.2
123.5
122.0
110.1
97.3
109.9
123. 5
121.3
111.8
98.3
110.5
123.6
119.8
112.0
99.5
109.6
123.6
120.7
111.5
96.1
108.7
123.6
119.9
111.1
94.3
107.5
123.6
119. 5
109.0
91.8
106.7
123.7
119.7
108.7
89.9
107 5
123 9
120 4
109.0
92 5
108 1
123 9
121 0
107.4
94 8
108.1
124.3
121.9
' 107. 3
94.3
108.3
125. 1
123.6
108.1
93.6
128.2
128.3
127.9
128.0
127.9
127.9
128.1
128.1
128.2
128.0
127.6
127.4
127.4
127.4
127.5
127.3
109.9
123.8
93.2
56.7
106.9
128.3
110.2
124.2
93.6
49.0
109. 6
128. 5
110.4
124. 5
93.7
47.7
108.3
128.4
110.1
123.6
93.1
47.8
111.2
128.4
110.1
123.5
92.8
48.9
111.9
128.4
110.2
123. 6
92.8
48.5
111.9
130.3
109.7
123.0
92 7
50. 2
112.4
131. 7
110.0
123.2
92.7
54.7
112.4
132.4
110.1
123.2
92.6
57.7
112.3
132.4
110.2
123.2
92.6
62.1
112.3
132.4
109.9
122.8
92.4
61.4
112.3
132.4
109.3
122.2
92.4
54.1
112.3
132.4
108.9
121 1
92 5
52.2
111.7
132.4
108.4
120 8
91 3
51.1
110 0
132.4
r 108. 1
120. 6
'90.7
MS. 7
110. 2
132.4
108.0
120. 3
90.8
47.0
111.9
132. 2
112.7
Fuel and related prod , and power 9
do
122. 6
Coal
do _
Electric power
Jan. 1958=100__ 100.8
110. 9
Gas fuels
do
Petroleum products, refined
1947-49=100-- 2114.2
113.8
121.8
101.9
116.6
115.4
116 1
122.4
102. 1
121.3
119.2
116.2
122.5
102.1
120.9
119. 5
116.1
123.0
102.4
120. 2
119.1
116.2
123.1
102.3
120.0
119.3
i 117 2
123.4
102. 3
121.1
121.1
117.7
123. 4
102.2
122.3
121.9
117. 5
122.8
102.4
121.8
121.5
115. 2
119.6
102.5
118.3
117.9
113.6
117.4
102. 4
118.7
115.0
114.3
117.7
102.3
115.4
117.0
114 6
118 7
102. 5
115 6
117. 4
114 4
119 2
102.4
116 6
116.8
113.7
120.1
102. 4
116.9
115.1
113.0
120.8
102.5
119.4
113.3
Furniture, other household durables 9 ---do
Appliances, household
do
Furniture, household
_ __ _ do _
Radio receivers and phonographs
do
Television receivers
_ _ do
123. 4
104.7
124.1
89.0
69.8
123.1
101. 9
125.1
86. 6
69.0
122.8
100. 9
125.0
86. 1
68.9
122.7
100.9
125. 6
84.2
68.9
122.6
100.6
125. 7
84.2
68.9
122.6
100.4
125.7
85.3
69.3
122.3
10(1. 2
1 26. 1
84.7
69.3
122.2
100.2
126. 2
84. 7
68.7
122.2
100. 0
126.2
84.7
69.1
122.5
100. 0
126. 3
84.5
69.1
122.4
99.9
126.4
84.4
67.8
122.4
99. 8
126. 4
84.3
68.3
122.3
99.8
126.4
83. 5
68.8
122.1
99 8
126 4
82 0
68 1
122.2
99.8
126. 7
81.2
68.1
122.2
99. 9
126.9
81.2
68.1
Hides, skins, and leather products 9
Footwear
Hides and skins
_ _
Leather
do
do
__do __
do
114.3
129.5
90.7
111.8
110.3
133.0
68.1
101.5
108.1
132. 5
62. 3
97 5
108.5
132. 5
64. 1
98.1
108.5
132. 5
65.8
97.1
108. 8
132. 5
64. 9
99. 4
10R.3
132.7
61.7
97 8
108. 0
132. 7
60.5
97.3
109.5
132. 7
68. 8
100.2
109.9
132.7
68.0
102.2
110.7
132.8
71.0
104.1
110.1
132.8
68.1
102.6
111.1
132 9
76.2
102.6
113 1
133 5
82 9
106 3
113.5
133.9
82.5
107.6
114.0
134.4
82.2
109. 3
Lumber and wood products
Lumber
_ _ __
do
do _
125.8
127.1
121.3
121.4
118.7
117.9
117.7
116.3
116.9
115.1
116. 5
115.0
115 7
114.5
114.7
113.5
115.4
114.4
118.0
116. 5
117.6
117.0
117.8
117.0
117. 2
116.8
115 9
115 8
r
115. 7
'115.3
114.7
114.4
Machinery and motive prod. 9
Agricultural machinery and equip
Construction machinery and equip
Electrical machinery and equip
Motor vehicles
do
do
do _
do
do
153.0
143.4
171.9
154 4
142 8
153. 4
146. 1
175.6
15^ 2
140.8
151.4
146. 2
176.7
152 7
135 4
152.9
146. 7
176. 7
152 6
140. 3
153. 0
148.2
177. 3
152 4
140 5
153. 1
148.0
177.0
152 4
140.7
153.5
148.4
177. 6
153 7
140 8
153. 4
148.5
178.2
153 6
140 4
153. 4
148. 5
178. 2
153 5
140 2
153. 1
148. 6
178.6
151 9
140 3
153.1
148.6
178.5
151 7
140.3
153. 2
148.8
178.2
151 7
140. 4
153. 0
148.8
178. 3
151 8
140 5
152. 7
148.9
178 5
150 5
140 5
152. 7
148.7
178.5
150 4
140. 3
152. 8
149.0
178.5
150 7
140.4
Metals and metal products 9
Heating equipment
Iron and steel
Nonferrous metals
do
do
do
do_-_
153. 6
121.7
172.0
136. 1
153.8
119.4
170. 0
139. 0
153 5
119.3
169 7
138.4
152.8
119.3
108. 9
137. 1
152 3
118.4
168 5
135. 5
152. 2
116.8
168. 6
133.9
152 2
114 9
169 4
132. 1
152 3
114.8
169. 7
132.2
152 4
114.5
170 4
132.3
152 7
115.2
170 8
132.4
153. 0
115. 4
170. 2
134. 4
153.1
115.4
170.3
135. 2
153.2
115.5
170.1
135.8
153 6
115 6
170 5
136.2
153. 7
115.2
170.8
136.3
153. 1
114.8
170 4
134.9
Nonmetallic mineral products 9
Clay products, structural
Concrete products
Gypsum products
do
do_.do
do
137.7
160. 2
129.7
^33.1
138.0
161.8
131.1
133.2
138. 0
162. 1
131.0
133 2
138. 1
162. 2
131. 0
133. 2
137.9
162. 3
131 . 0
133 2
137. 9
162.3
131.0
133. 2
3 138 5
162. 1
131 1
134 6
138.4
162. 1
131.2
134 6
138 6
162. 1
131.1
134 6
138 6
162. 1
131.3
134 6
138. 5
161. 5
131. 3
134. 6
138.3
161.6
131.3
134 6
138.4
161. 6
131.3
134.6
138 5
161. 7
131 3
137 3
138.5
161. 9
131.4
137.3
138.9
161.9
131.5
137.3
Pulp, paper, and allied products
Paper
do___
do
132.2
143 4
133. 2
145.4
133.0
145 4
133.4
145.7
133.1
145 7
132.3
145.7
132.2
145 7
132.2
145 7
131.5
145 7
131.0
145 4
126.1
145.4
126.5
145 9
126.4
145.9
126. 3
145 9
129. 5
145.3
130.4
145.4
Rubber and products
Tires and tubes
do
do _
144. 5
143.4
144.7
138,4
144 9
141.3
144.7
141.3
143. 6
141.3
141.2
137.1
139 7
137. 2
139. 6
137. 1
139 9
137.1
140 1
138.4
140.2
138.4
139. 6
138.5
139.0
138.3
139 4
138 3
139.6
138.3
139.4
138.3
Textile products and apoarel 9
do
Apparel
do__Cotton products
do
Manmade fiber textile products.- _ _ _ d o _ _
Silk products
do
Wool products _ .
do -
95.0
100.0
91.7
81.1
113. 5
101.6
96.1
100.9
94.2
79.1
122.9
102.1
95 9
101. 1
93. 4
78.6
128 4
101.2
95.8
101.1
92.8
78.5
128. 5
101. 1
95 4
101.0
91.7
78.2
125 9
101.3
95.2
101.0
91.2
77.8
125. 7
100.8
94 8
100. 5
90 8
77.3
130 9
100 1
94 7
100.5
90 2
77 2
129 3
99 9
94 4
100. 4
90 2
76.3
129 5
99 5
94 1
100.4
89 9
75.8
129 5
100 1
94.0
100. 3
89.9
75.4
131.5
100.9
93 7
100.4
89 5
75. 1
130 8
101 0
93.9
100.4
89.7
75.1
131.2
101.2
94 2
100. 6
QO 4
75 1
136 9
101 7
94 4
100. 7
91 0
75. 1
136 2
W1
94.7
100. 8
91.6
75.1
133 3
101.8
Tobacco prod, and bottled beverages 9— do_ —
Beverages, alcoholic
do
Cigarettes
do
131.4
121.3
134.8
131.8
120.8
134.8
132.0
121.1
134 8
132.0
121.1
134.8
132. 0
121.1
134 8
132.1
121.2
134.8
132. 1
121.2
134 8
132.1
121.3
134 8
132.1
121.3
134 8
132.0
121.1
134 8
132.1
121.2
134 8
132.1
121.2
134 8
132.6
121.1
134 8
132.8
121. 1
134 8
133.4
121. 2
134 8
133.4
121.1
134 8
Miscellaneous
Toys sporting goods
94.5
117.5
92.1
118.3
91.1
118. 6
90.3
118.6
90.6
118.6
92.4
118. 6
95.6
118 4
95.2
118.3
96.8
118 9
97.7
119 0
99.5
118.9
95.9
118.9
95.6
119 0
95.6
119 7
95.6
119 6
93.5
119.9
83.7
80.3
83.6
79.1
83.9
78.9
83.6
78.6
83.6
78.5
83.7
78.4
83.4
78.5
83.3
78.4
83.4
78.4
83.8
78.4
84.2
78.5
84.6
78.4
84 3
78.1
84 1
78 1
84 2
77 9
484.2
All commodities
1947-49=100
By stage of processing:
Crude materials for further processing
Intermediate materials, supplies, etc
Finished goods O
By durability of product:
Nondurable goods ___ .
..
Durable goods
Commodities other than farm products and foods
1947-49= 100 __
Chemicals and allied products 9
Chemicals, industrial
Drugs and Pharmaceuticals
Fats and oils, inedible
Fertilizer materials
Prepared paint _. _ . _
_
do__
do
- do __
-do
do
do _ _
do__do
T
r
r
r
PURCHASING POWER OF THE DOLLAR
As measured byWholesale prices
Consumer prices
_
_
1947-49 = 100
do_ _
r
1
2
Revised.
Formerly titled fuel, power, and lighting materials.
Petroleum and
3
products index, published through Dec. 1960, has been discontinued.
Formerly titled
nonmetallic minerals, structural.
* indexes based on 1935-39= 100 are as follows: Measured
by—wholesale prices, 44.1 (Oct.); consumer prices, 46.G (Oct.).
c?For actual wholesale
4
prices of individual commodities, see respective commodities.
^Revised beginning Jan.
1961 to incorporate new weighting structure based on net selling value of commodities in
1958; comparability with earlier data is unaffected.
©Goods to users, including raw foods
and fuels.
9 Includes data not shown separately.
SUEVEY OF CUKRENT BUSINESS
November 1961
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1959
1960
Monthly
average
S-9
1960
Sept.
Oct.
1961
Nov.
Dec.
Jan.
Feb.
Mar.
May
Apr.
Aug.
July
June
Sept.
Oct.
CONSTRUCTION AND REAL ESTATE
CONSTRUCTION PUT IN PLACE
New construction (unadjusted), total
mil. $__
Private total?
Nonresidential buildings _
_ _
Military facilities
Highways
_ __
Other types
-
5,168
5,016
4,771
4,482
3,887
3,684
3,979 ' 4, 372 ' 4, 853
3 300
3 524
3 463
3 395
3 170
2 793
2 645
2 842
r 3 HO
r
3 442 r 3 Qgo
2,080
1 603
413
1,879
1 368
433
1,972
1 492
398
1,897
1 443
372
1,840
1 392
361
1, 698
1 267
340
1 449
1 051
307
1,322
939
292
1,483
1 056
337
r
T
1, 973
1 256
'619
738
176
165
109
417
847
238
348
172
107
444
904
247
369
184
121
501
929
255
386
194
111
499
946
261
402
201
103
479
925
264
387
186
87
437
886
265
362
161
358
858
259
352
157
81
363
831
246
345
160
100
406
809
234
337
150
116
428
842
226
363
170
136
467
900
219
401
205
156
473
932
216
419
220
164
491
937
213
416
215
r
160
r
497
do
1 351
1 329
1 644
1 553
1 376
1 312
1 094
1 039
1 137
1 262
1 411
1 611
1 540
r 1 679
do
do
do
do
376
124
489
362
399
116
455
359
450
132
644
418
448
148
558
399
408
156
450
362
391
122
470
329
389
88
291
326
356
109
267
307
403
119
271
344
433
118
338
373
440
127
435
409
468
136
574
433
450
98
562
430
M62
090
New construction (seasonally adjusted at annual
rates), total
__ _
mil $
Private, total 9
2 138
1r 407
632
r
r
r
r
3 734 r 3 723
r
2 125
1 524
''SOI
r
r
r
2, 109
I 578
428
r
3 731
3 659
r
r
2,111
1 592
'416
2,061
1 584
373
949
218
421
220
507
954
221
425
224
121
504
r 1 714
1 627
' 145
r
448
462
113
615
437
4C)7
' 114
113
651
r
453
r
5,286
r
r 685
r
r
55 552
56,079
56, 650
56 018
55, 717
55 794 55 504 55 518 57 206 57 039
5 7, 983 58 625
58 457
39, 310
39, 200
39, 624
39, 639
38, 575
37, 962
38,511
39, 232 "• 40, 328 ' 41, 176 ••41,281 Ml, 603
41, 295
22 10°
'?1 834
22 016
21,916
20 649
20 016
20 508 r21 042 r 21 257 r 22 271 r 23 118 r 23 306 r 23 659
23 621
10, 22'"
4 13 i
2 00
1, 281)
5,418
'0 418
3 010
4 262
2 074
1 288
5, 361
10 562
3 0?5
4 378
2 123
1 298
5, 452
10 751
3 025
4 519
2 226
1 242
5,458
11 193
3 053
4' 848
2 305
1 126
5, 308
11 100
2 992
4 S21
2 356
1 157
5,384
10 960
2 957
4 743
2 338
1 334
5,398
10 803
2 921
4 636
2 192
1 508
5,323
10 628
9' 849
4 515
2 095
1 686
5, 383
10 584
2 750
4 510
2 141
1 839
5,382
10 608
2 672
4 578
2 955
1 759
5, 457
10 629 10 711
2 588
2 610
4 646
4 718
2 347
2 398
r
r 1 5f,5
1
654
r
5, 470 r 5, 464
10 656
2 008
4 081
2 388
1 407
5, 402
do
16 283
16 352
16 455
17 Oil
17 443
17 755
17 283
16 518
16 286
16 878
r
15 863 16 702 r!7 022
17 162
do
do
do
4 959
1,340
5 602
4 995
1,490
5 427
5 055
1 678
5 243
5 072
1 531
5 953
5 094
1 284
6 470
5 146
1 145
5 988
9
Residential (nonfarm) _ _ _
do
Nonresidential buildings, except farm and
public utilities, total 9
_
mil $
Industrial
_
do
Commercial 9 do
Stores, restaurants, and garages*
do
Farm construction
do
Public utilities
do
Nonresidential buildings
Military facilities
_
Highways
1, 735
1r 173
469
r
55, 599
do
Public, total 9
5, 301 r 5, 274 r 5, 402 r 5, 445
4,630
3 362
Residential (nonfarm) 9 -do -New housing units _ _
do
Additions and alterations
_ __
do _
Nonresidential buildings, except farm and
public utilities, total 9 _ _
mil $
Industrial
do
Commercial 9 .
do
Stores, restaurants, and garages* _ _ d o
Farm construction
do
Public utilities
do
Public total
r
4,713
do
2 O.r>
r
38, 986
r
9
5 157
1 942
5 934
r
) 221
1 764
5 662
9
5 22
l' 651
5 060
5 186
1 507
4 983
5 29
1 382
5 527
4 963 *r 5 044 r 5 150
1 140
1 153 r I 159
5 123 5 762 r 5 960
2 485
838
1 647
2 235
732
1 504
3 166
1 090
2 075
3 298
1 170
2 128
3 501
1 127
2 374
3 602
1 235
2 367
3 529
1 265
2 963
3 543
1 158
2 384
3 004
954
2 050
CONSTRUCTION CONTRACTS
Construction contracts in 48 States (F. W. Dodge
Corp.):
Valuation, total
mil $
Public ownership
do
Private ownership
do
By type of building:
Nonresidential
do
Residential
__ _
do
Public works
do
Utilities
_
do
Engineering construction:
Contract awards (ENR) §
do
Highway concrete pavement contract awards :cf
Total _ _ _ _
_ _ _
thous. sq yds
Airports
_ _ _ _ _ _ _ ___
do
Roads _ _ _ _ _ _ _
d o
Streets and alleys
_ do
3 022
922
2,100
3 026
1, 049
1,978
3 119
'995
2,124
3 319
l'l25
2,194
2 886
1 071
1 815
718
1 218
1 500
949
1,429
484
161
1 020
1,259
579
169
1 124
1 277
544
173
1 165
1 390
647
117
916
1 253
566
152
994
878
735
110
813
974
400
298
804
870
394
167
1 027
1 371
595
142
1 050
l' 454
639
154
1 105
I 553
623
219
1 221
1 558
632
191
1 154
1 502
710
163
1 087
1 589
' 087
179
987
1 381
534
103
1,702
1,888
2,232
1,796
1 775
1 875
1 661
1 360
1 912
1 817
1 789
2 392
1 883
2 220
1 657
1 869
7,828
756
4, 141
2,931
9,315
621
5,653
3,041
7,446
405
3,829
3,212
8 541
635
4 461
3,445
11 208
207
7 045
3,957
12 101
361
9 012
9 707
8 632
959
5 891
]' 782
7 34^
224
5 125
1 999
7 762
'980
5 083
1 699
10 592
202
7 239
3' 088
10 482
110
5 994
4 378
11 216
' 582
6 119
4 514
9 041
938
4 328
3 774
129. 5
104.2
126 4
108.0
84.1
104 3
102.6
80.3
96 9
113.2
86.7
110 4
94.5
70.4
92 8
70.9
48.0
64 9
72.5
51.8
69 8
81.0
56. 5
75 8
109.7
80.1
104 6
115.3
85.4
111 0
130.7
97. 9
1°6 6
138.3
100.6
132 4
!27. 8
127. 6
127.6
89.7
124.6
106.2
74.0
102 5
100.6
68.3
94 9
110.1
78.0
107 3
93.5
66.1
91 8
70.4
49.8
63 7
71 0
51.1
68 3
55. 7
72 5
107 3
79.1
10° 2
113 0
79.7
108 7
1 089
1,067
1 273
1,237
1 220
1,206
996
987
1 127
1 098
1 169
l' 115
1 296
1 262
HOUSING STARTS
New housing units started:
Unadjusted:
Total, incl. farm (public and private)___thous__
One-family structures.
do_ _
Privately owned
do
Total nonfarm (public and private)
In metropolitan areas
Privately owned
,
Seasonally adjusted at annual rates:
Total, including farm (private only)
Total nonfarm (private only)
do_ _
do
do
do
do
128. 5
97 6
125 9
'130. 1
96.7
r
!27 0
135 3
128 3
92.5
89.5
124 2 r 129 5
196 0
r
87.2
122 7
r
1 166
1 143
1 291
1 268
1 381
1 351
1 343 r\ 326
1 318 r\ 301
r
!27 3
'86.7
124 2
r
r
124 6
r
!26 2
90.0
r
!20 5
124 9
r\
T
380
l 369
1 442
1 409
!22 1
121 9
CONSTRUCTION COST INDEXES
Department of Commerce composite
American Appraisal Co., The:
Average, 30 cities
_
Atlanta
N e w York _ _ _ _ _
San Francisco
__
St. Louis _
1947-49=100-.
141
144
144
144
144
143
143
144
144
145
r 145
145
146
145
145
145
1913=100
do
do
do
do
704
771
764
656
684
722
793
783
677
700
727
803
787
679
704
728
803
795
681
706
730
806
795
690
710
731
806
796
691
710
732
806
808
691
710
733
806
808
695
710
733
807
808
696
713
735
808
808
696
713
737
808
808
696
721
740
809
810
704
721
742
809
820
706
722
746
809
820
706
722
747
809
821
708
722
748
819
821
715
722
Associated General Contractors (building only)
517
533
537
538
1913=100—
538
T
Revised.
9 Includes data not shown separately.
*See Bureau of Census reports for monthly data prior to Aug. 1960.
§ Data for Sept. and Dec. 1960 and Mar., June, and Aug. 1961 are for 5 weeks; other
months, 4 weeks.
542
538
539
536
538
538
547
547
547
547
547
cf Data for Nov. 1960 and Jan. and May 1961 are for 5 weeks; other months, 4 weeks.
SURVEY OF CURRENT BUSINESS
S-10
1959
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1960
Monthly
average
November 1901
1960
Sept.
Oct.
1961
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
CONSTRUCTION AND REAL ESTATE—Continued
CONSTRUCTION COST INDEXES— Con.
E. H. Boeckh and Associates: 1
Average, 20 cities:
Apartments, hotels, office buildings:
313.6
Brick and concrete. _ _ U.S. avg. 1926-29=1CO__ 306. 2
296.4
302.3
Brick and steel
do
293.2
Brick and wood _ _
do
297.8
Commercial and factory buildings:
326.2
318 1
Brick and concrete
do
315.8 321.2
Brick and steel
do
293.1
298. 5
Brick and wood
do
294.4
289.8
Frame
do
302.6
Steel
___ .__
_
_ _ d o ___ 300.4
Residences:
299.2
293. 9
Brick
do
288.4
284.0
Frame
_ do
Engineering News-Record:©
162.5
165. 7
Building
1947-49=100
182.2
176.5
Construction _
do _
Bu. of Public Roads— Highway construction:
1 138 4 1 134 9
Composite stand mile (avg for otr ) 1946 — 100
315. 1
302.7
297.9
315.0
302. 5
297.2
315.0
302.4
297.0
315.1
302.4
296.8
315.6
302. 5
296. 4
315. 7
302. 5
296. 4
315.9
302.7
296.4
316.2
302. 9
296.6
320.1
305.0
298.7
321.6
306.4
299.7
322. 4
308.0
300.3
322.8
308.2
300.3
323. 3
308.7
300.7
323.4
308. 6
300. 0
328 2
321.1
298.9
294.4
300.8
328.1
321.0
298. 5
293.5
300.8
328 1
320. 8
298.4
293.3
300.4
3?8 2
320.8
298.2
293.0
300.3
329 0
320.8
298.2
292 2
300. 1
329.1
320. 9
298.2
292.3
300.1
329. 1
320.8
298.1
292.0
300.1
329. 5
321.2
298.1
292.4
300.4
334. 6
324. 0
300. 8
294. 5
300.5
335.9
325. 2
301.9
295.3
301.5
336 8
325.9
302.4
296.0
302.0
337.0
326. 1
302. 5
295. 9
302.2
337 6
326. (>
302.8
296.3
302. 5
337.9
326. 5
302. 5
295. 1
302.3
299.6
288.3
298.9
287.5
298 7
287.3
298 5
287.1
298 2
286. 5
298 2
286.5
298 2
286.4
298 4
286. 7
300 9
288.4
301.9
289.3
302 5
289 9
302. 6
289.9
303 0
290. 2
302.3
289.3
166.0
183.1
165. 9
183.2
166.1
183.3
166. 5
184.2
166.5
184.2
166. 5
184.1
167.1
184.9
168.3
187.0
168.6
187.7
169.1
188.4
168 8
188.5
169.0
188.5
168 7
188. 6
168. 8
188.8
135 0
136 6
133 4
134 5
133 0
CONSTRUCTION MATERIALS
Output index, composite:
Unadjusted 9 J
Seasonally adjusted 9 t
136.2
131.3
139.5
133 7
131.6
116 4
116.9
122 4
102.8
120 5
104.6
111 7
100.0
113 4
125.3
130 1
131.2
129.2
147.2
137.4
150.2
140.5
130.8
135. 4
121 4
140.1
169 0
128.6
132.6
159.0
133 8
136. 5
186 2
126.0
129.9
188.1
111 6
117.6
158 0
95. 3
104. 9
122 7
100.7
112.5
100 2
94.7
109.9
90.0
120. 9
128.5
130. 7
132. 5
132. 6
158.3
149.1
147.9
186.1
158.8
141.3
189.0
132.3
123.1
194.5
505. 78
232. 23
383. 38
165. 42
425. 12
169. 07
433. 65
162. 08
403. 68
150.40
390. 26
141.87
410. 35
131.65
340. 97
107. 75
347. 56
124.84
317.68
108. 65
348. 99
123. 39
385. 86
137.27
386. 21
144. 39
463. 35
181.66
422. 39
167. 99
2
2, 134
21,981
1,736
1,735
1,741
1,981
1,571
1,496
1,477
1,576
1,624
1,869
1,871
2,001
2, 124
1 263
1 192
1 316
1,250
1 140
1 150
969
1,001
1 356
1 309
1 511
1 721
1 482
1 763
1 609
390
511
291
402
591
323
394
545
311
332
508
300
367
460
323
285
400
285
288
395
318
427
515
414
417
504
388
460
603
447
532
All other purposes
- do
New nonfarm mortgages recorded ($20,000 and
under) estimated total
- mil. $
N on form foreclosures
number
433
551
278
422
659
401
-•499
785
r
480
431
707
472
2,686
3,673
2, 445
4,279
2,598
4,814
2, 525
4,512
2,378
4,740
?, 338
4,973
2. 075
5, 523
1,997
5,096
2, 444
6, 272
2, 358
5, 942
2,700
6,090
2, 856
6,576
2, 653
3,004
Fire losses
87.26
92.32
81.84
92.73
84.34
101.90
117.25
116.61
109. 22
95.49
93.10
103.35
93.11
91.63
230
227
194
••225
225
186
••232
221
187
225
234
177
••232
241
182
r 236
242
171
236
258
173
237
236
176
206
149
18
449
190
140
24
M73
212
135
23
487
196
125
23
••479
200
126
25
••499
215
149
25
'522
185
150
29
520
204
157
26
538
1947-49=100 .
do
Iron and steel products unadjusted t
Lumber and wood products, unadjusted
Portland cement unadjusted
do
do __
do
REAL ESTATE
Home mortgages insured or guaranteed byFed Hous Adm • Face amount
_ _ - _niil. $_
Vet Adm : Face amount
_do__
Federal Home Loan Banks, outstanding advances
to member institutions
mil $
New mortgage loans of all savings and loan associations estimated total
mil $
By purpose of loan:
Home construction
_ _ do__
mil $
7]9
477
r
76. 98
DOMESTIC TRADE
ADVERTISING
Printers' Ink advertising index, seas, adj.:
Combined index
1947-49—100
Business papers
do
Magazines
_
do
225
232
173
235
246
188
235
251
181
246
247
208
234
244
175
235
235
181
209
147
18
500
Newspapers
Outdoor
Radio (network)
__
Television (network)
do
do
do
1950-52=100
206
152
24
452
210
160
23
462
205
164
22
492
203
170
21
507
202
166
22
513
Television advertising:
Network:
Gross time costs total
mil $
r
r
r
r
Drugs and toiletries
Foods soft drinks confectionery
do
do
52 3
39
14.8
10 5
56 9
4 6
16.3
10 8
51 4
4 0
14.8
9 2
63 4
7 2
17.4
11 9
64 0
55
16.6
12 3
60
4
18
12
7
7
0
2
61 8
4 9
18.4
13 4
57 1
37
16.6
12 9
63 6
39
18. 2
14 4
59 8
33
15.5
13 6
61 7
3.8
16.6
13.3
59 9
3.6
18.4
12.0
58 1
33
19.3
11. 4
58 4
27
19.1
11.9
Soaps cleansers etc
Smoking materials
All other
._
Spot (national and regional) :
Gross time costs total
\utomotive incl accessories
Dru°s and toiletries
Foods soft drinks confectionery
do
do
do
5.6
63
11.3
5.8
6 4
13.0
6.2
6.4
10.8
6.2
61
14.5
6.1
6 2
17.4
5.4
7 0
13.4
6.5
68
11.8
6.7
60
11.1
7.8
66
12.7
7.7
6.5
13.3
7.2
7.0
13.7
7.1
6.6
12.1
6.6
8. 1
9.5
7.7
154 2
i56
1
28 7
1
49 8
125 0
4.7
22 6
37.9
163 1
51
32 5
56 6
151 3
4 0
31 1
56 6
160. 6
4.6
28.2
54. 1
18 9
89
42.4
17 4
7 7
34 8
16 1
8 5
44 3
16 8
7 5
35 3
21.6
83
43.8
71.1
4.7
7.8
3.0
6.7
9.8
69.6
8.7
3.2
4.1
6.2
87
66.5
2.9
5.8
3.3
7.1
10.0
47.6
.7
3.5
1.8
5.9
8.4
47.4
4.8
2.7
1.8
4.6
7.4
80.0
8.6
7.1
3.6
7.7
9.0
4.1
4 0
4.2
.7
2.7
21.6
3.2
24
3.3
.4
2.2
15.8
2.5
2 3
2.7
.5
2.2
16.0
3.8
6 2
4.8
.6
2.6
25.8
Soaps cleansers etc
Smoking materials
All other
Magazine advertising:
Cost total
Apparel and accessories
Automotive, incl. accessories
Building materials
Drugs and toiletries
Foods soft drinks confectionery
1
do
do
do
do
1
do
do
do
_
-
do
do _
do_
do
__do_ _ _
do
1
1
65.3
4.0
6.7
2.8
6.2
8.7
98.1
6.8
14.7
3.4
8.8
13.1
82 4
5.2
9.7
1.9
7.4
10 4
4.2
4.2
5.3
5.8
39
Beer wine liquors
do
83
7 3
56
55
56
Household equip supplies furnishings do
6.4
4.9
5.0
4.2
4.6
Industrial materials
-_
-- do
.9
.8
.7
.9
.8
Soaps cleansers etc
do
2.5
2.2
2.3
2.3
1.9
Smoking materials
do
26.5
21.7
21.6
19.7
28.1
All other
_
do
2
f Revised.
1 Quarterly average based on quarterly data.
End of year.
^Copyrighted data; see last paragraph of headnote, p. S-l.
O Data reported at the beginning of each month are shown here for the previous month.
64 7
3.6
5.3
.8
6.4
9.4
48 9
1.5
6.8
1.6
3.9
80
64. 5
3.1
7.5
2.1
5.5
11.4
77 0
5.6
8.2
2.8
7.2
11 6
83.5
6.5
8.6
4.3
6.7
11.8
78.7
5.8
7.6
3.6
7.2
10.8
4.4
4.5
4 3
7. 5
2.7
3.3
67
67
4 4
20
31
4 7
4.4
4.7
3.5
1.9
3.6
2.8
.9
.4
.7
.4
.8
.8
2.2
2.7
2.2
2.6
1.7
2.5
26.8
25.0
20.8
18.4
22.4
25.7
9 Includes data for items not shown separately.
^Revisions for 1955-July 1960 are available upon
request.
9.2
432. 48
SURVEY OF CURRENT BUSINESS
November 1961
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1959
1960
S-ll
1960
Monthly
average
Sept.
Oct.
1961
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
Mav
i June
i
July
Aug.
Sept.
Oct.
DOMESTIC TRADE—Continued
ADVERTISING— Continued
Newspaper advertising linage (52 cities):
Total
mil lines
Classified
do
Display total
do
Automotive
Financial
General
Retail
.
238.8
60.6
178.1
240.7
61.3
179. 5
240.1
60.9
179.2
265.8
63.4
202.4
256.6
55.6
201.0
238. 7
48.3
190. 5
195. 7
53. 6
142.1
188.6
50.0
138.5
236.2
57.8
178.3
241.8
60.4
181.5
249.3
62.2
187.1
236.5
61.3
175.3
207.7
60.6
147.1
224.4
61.3
163. 1
231.8
59.1
172.7
12 9
4.6
30.3
130.4
13.8
4.5
28.8
132.4
12.3
3.8
28.8
134. 3
17.0
4.8
36.3
144. 2
13.1
4.3
34.1
149.4
8.5
4.6
24.8
152. 5
11.0
6.7
19.0
105.4
9.8
4.1
22.8
101.9
12.8
4.7
29.0
131.9
13.1
5.1
31.0
132.2
15.8
4.6
32.3
134. 4
13.8
5.0
30.4
126.0
10.8
5.5
21.0
109.7
10.8
3.8
21.8
126.7
13.7
4.2
26.9
127.9
mil. $__ 17, 951
do
do
do
do
_
.
RETAIL TRADE
All retail stores:
Estimated sales (unadj.), total
17, 922 ' 18, 325 ' 18, 195 1 18, 657
18, 294
17, 898
18, 648
18, 385
22, 153
15, 803
15, 071
17, 934
17, 398
18,532
18,907
5,972
3,287
5,894
3,292
5, 613
2,864
6,013
3,232
5.814
3,174
6,091
2,998
4,634
2,676
4,479
2.587
5,467
3,190
5, 414
3.088
6, 006
3,413
6, 214
3. 454
5, 640
3,033
' 5, 712 ' 5, 376 i 6, 005
2,985 ' 2, 723 i 3, 259
3.074
213
3,082
211
2,661
203
3,027
205
2,976
198
2.731
267
2, 526
150
2,438
149
3, 007
183
2.890
198
3,192
221
3,207
247
2, 796
237
' 2. 745 2,504
219
'240
582
338
920
883
564
319
881
561
320
919
600
319
927
606
321
1,123
696
427
723
445
278
682
431
251
776
488
288
768
493
275
844
553
291
895
563
332
845
534
311
'914
'583
'331
'877
551
326
988
759
229
943
718
224
1,027
800
227
1, 036
812
224
932
723
209
892
601
291
659
493
166
632
475
157
820
625
195
878
666
212
990
755
235
1,039
799
240
1,008
783
225
'1,057
'838
'219
991
784
207
do
do
do
do
do
do
11,979
1, 105
211
440
259
194
12, 400
1,142
218
444
276
204
12, 285
1,142
192
443
274
233
12, 635
1, 183
219
467
295
202
12, 571
1,190
229
464
314
183
16, 062
1,979
440
749
528
262
11, 169
886
187
347
202
150
10, 592
775
146
315
179
135
12, 467
1,191
200
457
302
232
11, 984
1,019
181
401
238
199
12, 526
1,105
205
434
260
206
12, 693
1.109
242
405
256
206
_ do
do
do
do. __
do
596
1,300
4,307
3,837
1,399
628
1,341
4, 486
4,028
1, 466
608
1,394
4, 517
4,073
1,470
627
1,379
4, 516
4, 060
1, 505
608
1,305
4,433
3,970
1,455
818
1, 352
5, 087
4, 579
1,511
606
1, 229
4,287
3, 860
1,381
588
1, 135
4,173
3,747
1,282
627
1,282
4,702
4,233
1,429
607
1,313
4. 486
4, 036
1,439
629
1, 386
4, 574
4, 114
1, 523
624
1,432
4,771
4, 295
1,568
629
1,490
4, 682
4,210
1,604
'
'
'
'
General merchandise group 9
do
Department stores
do_ _
Mail order houses (dept. store mdse.) -do
Variety stores _
do
Liquor stores
do
1,949
1,134
142
321
395
2,001
1, 162
155
325
407
1,941
1, 141
149
305
398
2,093
1,241
165
318
404
2.237
1, 316
222
327
421
3, 604
2,104
258
674
637
1,456
829
120
222
359
1,417
796
117
239
341
1,921
1, 105
163
312
374
1,803
1,052
134
286
375
1,966
1,143
156
312
383
1, 993
1,180
142
315
393
1, 772
1,018
120
300
404
' 2, 032 r 2, 069
' 1, 177 ' 1, 224
150
163
'330
331
'398
405
18, 104
18,543
18, 398
17, 887
17, 773
17, 795
18, 127
17, 860
17, 995
18, 199
5, 779
3,177
6, 076
3,405
5, 917
3,348
5, 488
2,970
5, 359
2,848
5,348
2,890
5, 547
3, 044
5, 409
2,919
5, 549
3, 105
5, 586
3, 068
5, 505
2,934
' 5, 472 ' 5, 572 i 5, 929
2, 935
3, 077
2,971
206
3,203
202
3, 150
198
2, 757
213
2, 651
197
2, 687
203
2,838
206
2.714
205
2.900
205
2, 854
214
2,717
217
' 2, 721 2,854
'214
223
Durable goods stores 9
do
Automotive group
do
Motor vehicle, other automotive dealers
mil. $__
Tire, battery, accessory dealers
do „
Furniture and appliance group
Furniture, homefurnishings stores
Household appliance, TV, radio
do
do
do
Lumber, building, hardware group
do
Lumber, bldg. materials dealers cf _ do
Hardware stores
_do_._
Nondurable goods stores 9
Apparel group
_
_ _
Men's and boys' wear stores
Women's apparel, accessory stores
Family and other apparel stores
Shoe stores
_
Drug and proprietary stores
Eating and drinking places
Food group
Grocery stores
Gasoline service stations
Estimated sales (seas adj.), total
do
Durable goods stores 9
do
Automotive group
do
Motor vehicle, other automotive dealers
mil. $
Tire, battery accessory dealers
do
12, 282 '12,613 '12,819 1112, 652
1, 039 ' 1, 151
953
1,175
' 182
201
190
' 399
434
358
224
' 260
283
181
r 198
233
' 630
1, 507
4, 644
4, 172
1, 616
'
'
'
'
' 634
i 631
1, 444 1, 385
4, 849 4, 547
4, 379 4,072
1, 528 1 , 520
do
do
do
888
570
318
895
580
315
841
541
300
840
541
299
844
528
316
812
509
303
833
515
318
872
547
325
839
537
302
857
547
310
883
568
315
'883
'557
'326
874
554
320
Lumber, building, hardware group71
Lumber, bldg. materials dealersd
Hardware stores
do
do
do
911
690
221
936
719
217
916
713
203
895
674
221
913
689
224
900
682
218
944
720
224
900
687
213
877
673
204
899
687
212
926
704
222
'914
'703
'211
877
675
202
Nondurable goods stores 9
do
Apparel group
_
do
Men's and boys' wear stores
do
Women's apparel, accessory stores
do
Family and other apparel stores _ do
Shoe stores
do
12, 325
1.134
215
448
262
209
12, 467
1, 124
213
450
266
195
12, 481
1,130
211
444
283
192
12, 399
1,100
210
425
278
187
12,414
1,144
224
442
281
197
12, 447
1,130
211
441
277
201
12, 580
1, 161
224
437
294
206
12,451
1,076
205
409
265
197
12,446
1,103
216
415
280
102
12,613
1,136
229
435
275
197
do
do
do
do
do
632
1,337
4, 456
4,013
1, 465
637
1, 344
4, 507
4,048
1,481
638
1, 346
4, 594
4,127
1, 464
633
1, 358
4, 502
4, 062
1, 502
615
1,340
4, 563
4,115
1, 465
629
1,339
4,590
4,122
1,473
634
4' 603
4,128
1, 491
628
1, 380
4, 548
4, 085
1,474
630
1,347
4, 624
4, 164
1,480
642
1,370
4, 622
4,157
1, 500
649
1,335
4, 610
4,143
1,485
' 644
646
1,345
1,382
' 4, 684 4,633
' 4, 214 4,174
' 1, 503 1, 520
General merchandise group 9
do
Department stores _ __
_
do
Mail order houses (dept. store mdse ) do
Variety stores
do
Liquor stores
do
1, 985
1,148
152
324
406
2,033
1,201
160
317
397
1, 980
1,131
166
330
418
1,991
1,173
157
311
391
1, 950
1,112
152
329
422
1, 998
1, 159
149
331
405
2,039
1,172
168
334
407
2,027
1,192
161
322
420
1,974
1,132
157
335
400
2. 067
1, 205
160
339
416
2, 069
1,237
155
324
393
' 2, 082
' 1, 208
163
'350
'409
12,521 ' 12, 709 ' 12, 565 1 12, 659
1.118 ' 1, 177
1, 101
' 230
218
217
434
'453
426
' 289
266
261
' 205
200
197
2, 075
1,225
157
331
388
Estimated inventories, end of year or month:
Book value (unadjusted), total
mil. $_. 23. 370
10, 660
Durable goods stores
_
do
12, 710
Nondurable goods stores
do
24, 380
11,420
12. 960
25, 020
11,040
13, 980
25, 890
11,550
14, 340
26, 380
11,800
14, 580
24, 380
11,420
12, 960
24, 250
11.480
12, 770
24, 690
11,560
13, 130
25, 030
11,500
13, 530
25, 200
11,480
13,710
25, 060
11,550
13, 520
24, 620
11,420
13, 200
24, 490 '24,140 24, 640
11,320 ' 10, 510 10, 510
13, 170 ' 13, 630 14, 130
24, 310
Book value (seas. adj.\ total
_
do
Durable goods stores 9 - --do _ ~ 10, 980
Automotive group
do
4, 260
Furniture and appliance group
do
2,010
2,330
Lumber, building, hardware group-.-do
25, 440
11,930
5, 270
2,000
2,280
25, 340
11, 760
5, 070
2, 0(50
2, 290
25, 360
11,900
5,240
2, 030
2,290
25, 420
11,P30
5. 300
2, 040
2,270
25, 440
11,930
5, 270
2,000
2,280
25, IPO
11.610
4, 960
1, 960
2,290
24, 900
11,380
4,770
1, 950
2,270
24, 410
10, 950
4,380
1, 950
2, 250
24, 410
10. 900
4,330
1,940
2,240
24, 520
10, 91'0
4, 450
1. 960
2,220
24. 590
ii.ono
4, 520
1,960
2,230
24, 720 24, 510 24, 720
11,150 ' 10, 810 10, U80
4, 570 ' 4, 240 4,410
1,950 ' 1 970 1 970
2,250
2, 220
2, 230
13,330
do
2,780
do
do
2,940
_do_ __ 4.280
13, 510
2,810
3, 050
4, 320
13, 580 13, 460
2 780
2 790
3, 020
3, 000
4,410 1 4,320
13, 490
2 780
2, 960
4,370
13, 510
2,780
3,110
4,280
13, 530
2, 780
3,120
4, 2«0
13, 530
2,780
3,130
4, 290
13, 570 ' 13, 700
2,780 ' 2, 790
3,140 ' 3, 210
4,310 ' 4, 370
Nondurable goods stores 9
Apparel group
Food group _ _
_ _ _ _
General merchandise group-.
r
Revised.
J
Advance estimate.
_
9 Includes data no shown separately.
13,510 13, 460
2, 750
2,790
3,120
3, 090
4, 260
4,280
c? Com prise.> lumber yards, I milding materials
13, 510
2 810
3, 050
4,320
13, 550
2, 850
3,OfiO
4, 2CO
2,177
1,319
18, 026 ' 18, 181 '18,137 1 18, 588
Furniture and appliance group
Furniture, homefurnishings stores
Household appliance, TV, radio
Drug and proprietary stores
Eating arid drinking places
Food group
Grocery stores
Gasoline service stations
1904
13, 740
2, 790
3, 210
4, 400
dealers, and pal tit, plum bing, an d electric;al stores
SURVEY OF CURRENT BUSINESS
S-12
1959
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1960
November 1961
1960
Monthly
average
Sept.
Oct.
1961
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
5, 077
5 271
Oct.
DOMESTIC TRADE—Continued
RETAIL TRADE— Continued
Firms with 4 or more stores:
Estimated sales (unadjusted), total
mil. $__
Firms with 11 or more stores:
Estimated sales (unadj.), total 9
do
Apparel group 9
_
Men's and boys' wear stores
Women's apparel, accessory stores
Shoe stores
__
__do
do_ _ _
_ do
__do
Drug and proprietary stores _
do
Eating and drinking places
do
Furniture, homefurnishings stores _ _ ..do
General merchandise group 9 do
Dept. stores, excl. mail order sales
do _ _
Varietv stores
__ do __
Grocery stores
do
Lumber yards, bldg. materials dealers cf-do
Tire, battery, accessory dealers
do_ _.
r
4,456
4,724
4,757
4,904
4,970
6,800
4,107
4,044
5,047
4,763
4,988
5,193
4,805
3,889
4,223
4,250
4,343
4,387
6,003
3,534
3,472
4,334
4,065
4,263
4,462
4, 133
4 339
4 509
254
19
108
78
293
29
118
85
299
24
117
96
309
31
125
85
312
34
129
80
511
58
213
123
200
23
76
62
186
18
76
57
328
29
128
102
263
24
106
83
292
28
119
87
295
32
116
91
242
23
98
73
270
22
111
79
305
24
122
°7
102
79
38
121
93
37
118
95
37
122
96
41
120
91
45
187
91
44
113
84
28
108
80
29
121
92
36
118
93
35
119
96
42
122
98
39
121
100
37
119
101
37
122
101
36
1,210
717
248
1,625
69
81
1,290
781
251
1,785
69
82
1,258
775
234
1,836
80
78
1,361
842
243
1,786
81
82
1,453
877
253
1,747
70
80
2,321
1,370
523
2,093
57
108
910
548
164
1,695
48
59
897
534
179
1,669
47
62
1,240
747
241
1,930
57
78
1,183
732
222
1,782
60
87
1,286
783
245
1.798
68
95
1,320
818
249
1,921
74
109
1,171
709
234
1, 820
71
103
1,344
806
C
260
1, 8(12
76
101
1 352
834
256
1 953
71
92
do
4,249
4,264
4,269
4,245
4,195
4,262
4,348
4,270
4,282
4,371
4,360
4. 446
4 386
do
__do
do
do
297
30
119
87
298
30
122
86
295
29
121
85
279
27
113
79
289
30
116
88
293
29
120
88
295
29
119
88
274
26
112
81
291
29
114
86
290
30
117
84
297
29
118
82
323
32
123
90
288
9
8
190
82
193
93
38
194
94
38
195
94
39
194
91
37
199
90
36
123
90
33
124
94
36
125
95
37
191
do
do
95
40
195
95
38
124
93
41
123
93
36
196
98
General merchandise group 9
do
Dept stores excl mail order sales
do
Variety store^
do
Grocery stores
do
Lumber yards bldg materials dealers cf do
Tire battery accessory dealers
do
1,280
772
252
1,811
69
83
1,306
807
246
1,790
71
83
1,282
770
253
1,822
70
89
1,295
800
237
1,817
67
81
1,250
745
246
1,808
67
79
1,303
793
248
1,808
68
84
1,329
812
249
1,795
62
90
1,299
768
264
1 , 828
61
84
1,344
802
268
1 851
63
94
1,357
831
253
1,827
62
95
1. 362
810
279
1,865
62
93
1 3"0
827
2^1
1 856
61
96
Estimated sales (seas adj ) total 9
Apparel group 9
Men's and boys' wear stores
Women's apparel accessory stores
Shoe stores
Eating and drinking places
Furniture, homefurnishings stores
Department stores:
Accounts receivable, end of month:
Charge accounts
1947-49—100
Installment accounts, _
do_
Ratio of collections to accounts receivable:
Charge accounts
percent
Installment accounts
do
Sales by type of payment:
C?sh sales
percent of total sales
Charge account sales
do
Installment sales
do
Sales, total United States:
Unadjusted
Seasonally adjusted
1947-49=100
do
Stocks, total U.S., end of month:
Unadjusted
Seasonally adjusted
do
do
1,339
793
258
1 , 835
67
89
36
170
383
177
433
162
415
171
422
184
431
244
479
210
480
173
462
165
449
164
441
164
437
162
433
149
428
153
428
162
430
47
15
46
15
46
15
47
15
48
15
48
15
45
14
45
14
49
16
44
14
48
15
48
15
47
14
48
15
46
15
43
42
15
43
42
15
42
43
15
41
43
16
43
15
44
42
14
43
40
17
42
42
16
42
43
15
43
42
15
43
42
15
43
41
16
43
40
17
43
41
16
42
42
16
144
145
145
153
' 145
' 148
171
142
262
147
108
142
109
145
132
146
134
148
140
144
141
149
126
151
-136
15'.)
' P lf.0
p l.rO
156
165
176
168
186
167
192
169
15')
165
1-15
162
153
161
164
161
169
162
165
164
156
164
157
166
165
169
p 178
v 170
12.3
4.6
7. 7
12.3
4.4
7.9
12.8
4.6
8.1
12.8
4.5
8.2
12. 9
4.3
8.6
12.6
4.1
8.5
11.4
3.8
7.6
11.3
3.7
7.6
12.8
4.2
8.5
11.7
4.0
7.7
12.8
4.4
8.3
12.8
4.6
8.2
11.9
4.1
7.7
' 13. 3
'4.6
8.7
12.7
4.4
8.3
i 12.6
6 94
6
i 13.2
6.6
66
13.2
6.9
6 3
13.6
6.9
6 7
13. 6
6 8
13. 2
6 6
6 6
13. 1
6.6
6 6
13.1
6.7
6 4
13.4
6.8
66
13.3
6.9
6 5
13.3
6.8
6 5
13.3
6.8
6 5
13.3
6.8
6 5
13.5
'6.8
6 7
13.6
6.8
6.8
183.17
183. 41
183. 65
183. 91
184. 29
* 155
"151
WHOLESALE TRADE
Sales estimated (unadj ) total
Durable goods establishments
Nondurable goods establishments
bil $
do
do
Inventories estimated (unadj ) total
Durable goods establishments
e goo s e s a is imen s
do
do
0 H
EMPLOYMENT AMD POPULATION
POPULATION
Population, U.S. (incl. Alaska and Hawaii): §
Total, incl. armed forces overseas _ _ _ _ _ m i l
EMPLOYMENT
Noninstitutional population, est. number 14 years
of age and over total unadj 1
mil
Total labor force, incl. armed forces 1
Civilian labor force, total ^
Employed, total
Agricultural employment
Nonagricultural employment
thous_do
-do
_do__
do
Unemployed, total
do
Long-term (15 weeks and over) _ _ d o _ _
Percent of civilian labor force
Not in labor force f
thous
2
184. 48
182. 49
182. 71
182. 95
126. 72
126. 92
127. 12
127. 34
127. 56
127. 77
127. 99
128. 18
128. 37
128. 57
72, 361
69, 837
64, 452
4,634
59, 818
72, 894
70, 360
64, 655
4,708
59, 947
73, 540
71,011
65, 516
4, 977
60, 539
73, 216
70, 696
65, 734
5, 000
60, 734
74, 059
71, 546
66, 778
5,544
61, 234
76, 790
74, 286
68, 706
6,671
62, 035
76, 153
73, 639
68, 499
6,453
62, 046
75, 610
73, 081
68, 539
6, 325
62, 215
73, 670
71, 123
67, 038
5, 666
61, 372
74, 345
71, 759
67, 824
5,964
61, 860
5,705
1,624
8.1
54, 024
5,495
1,862
7.7
53, 574
4,962
2,128
7.0
54, 121
4,768
1,915
6.7
53, 499
5,580
1,575
7.5
50, 977
5,140
1,634
7.0
51, 833
4,542
1,440
6.2
52, 573
4,085
1,257
5.7
54, 701
3,934
1,240
5.5
54, 226
181. 52
125. 37
125. 72
125. 94
126. 22
126. 48
73, 746
71,213
67, 182
5,666
61, 516
73, 079
70, 549
66, 009
4,950
61, 059
4,031
987
5.7
52, 476
4,540
1,015
6.4
53, 403
5,385
1.339
7.7
54, 364
71, 356
67, 048
5,799
61, 210
4,389
6.2
71,118 71, 481 71, 943 72, 166 71,410 71, 403 72, 404 71, 633 71, 789 70, 981 71, 260
66, 407 66, 583 66, 792 67, 058 66, 532 66, 578 67, 293 66, 763 66, 998 66, 309 66. 690
5, 402
5,683
5,208
5,582
5,196
5,487
5,263
5,721
5, 824
5,848
5,774
60, 454 60, 667 60, 860 61,212 61, 224 61, 480 61,911 61,432 61,417 61, 188 61,308
4,831
4,843
4,938
4,923
4,957
4,891 4,970
4,889
4,946
4,736
4,819
6.8
6.9
6.9
6.8
6.9
6.6
6.9
6.8
6.8
6.8
6.8
^Average for 1959 excludes Alaska and Hawaii; later data include these States.
*New series. Since series are seasonally adjusted separately, components may not add
to totals. Monthly data (1948-60) appear in "Employment and Earnings," BLS (Feb. 1961).
71, 946
69, 394
65, 581
5,836
59, 745
73, 126
70, 612
66, 681
5,723
60 958
73, 672
71, 155
67, 767
6, 588
61, 179
73, 592
71, 069
67, 490
6,247
61, 244
3,813
1,040
5.5
51, 420
3,931
956
5.6
52, 242
3, 388
805
4.8
52,045
3,579
992
5.0
52, 344
71,013 70, 575
Civilian labor force, seas, adj.*
_ _do__
67, 030 66, 362
Employed total
do
5,659
6, 055
Agricultural employment
- -do
60, 996 60, 697
Nonagricultural employment
do
4,037
4,414
Unemployed, total
do
5.7
6.3
Percent of civilian labor force
2
c
' Revised.
* Preliminary.
1 End of year.
As of July 1.
Corrected.
9 Includes data not shown separately.
d1 Comprises lumber yards, building materials dealers, and paint, plumbing, and
trical stores.
§ Estimate for July 1, 1959, excludes Hawaii.
182. 26
181. 23
123. 37
181. 78
182. 02
177.26 2 180.67
elec-
SURVEY OF CURRENT BUSINESS
November 1961
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1959
1960
Monthly
average
S-13
1960
Sept.
Oct.
1961
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept,
Oct.
EMPLOYMENT AND POPULATION—Continued
EMPLOYMENT— Continued
Employees on payrolls (nonagricultural estab.):f
Total, unadjusted!
thous._ 53, 380
54, 347
54, 989
54, 882
54, 595
54, 706
52, 864
52, 523
52, 785
53, 171
53, 708
54, 429
54, 227
54,538
55, 092 v 55, 260
do
__ _ do
__do
16, 667
9,369
7,298
16, 762
9,441
7,321
16,945
9, 408
7, 537
16,739
9, 299
7, 440
16, 538
9,224
7,314
16,213
9, 036
7,177
15, 933
8,867
7,066
15,838
8, 769
7,069
15,866
8, 775
7,091
15,904
8, 836
7,068
16,076
8, 996
7,080
16,320
9,106
7,214
16, 268
9,051
7,217
16, 531
9, 083
7,448
16, 664 p 16, 598
9, 202 p9, 217
7, 462 v 7, 381
--do
do
do
do
731
84
197
331
709
93
182
314
710
95
172
316
706
94
175
312
695
91
171
312
682
91
167
310
666
90
164
306
656
86
163
304
654
86
158
304
657
86
153
306
668
87
153
310
678
88
154
314
672
88
143
318
677
86
154
315
Contract construction
Transportation and public utilities 9
Railroad transportation
Local and interurban passenger transit
do
do
do
do
2, 955
4.010
925
281
2,882
4,017
887
283
3,158
4, 040
869
282
3,110
4,015
864
280
2,942
3,992
845
284
2, 630
3, 966
844
285
2, 457
3 8*8
812
284
2 342
3, 87
811
282
2,454
3,872
807
278
2,619
3,870
809
273
2,775
3,891
833
270
2,971
3,945
826
266
3,023
3,977
832
258
3,075
3,971
835
257
Motor freight trans, and storage
Air transportation
Telephone communication
Electric gas and sanitary services
do
do
do
do
848
180
707
612
874
191
706
613
896
193
710
620
900
192
706
612
896
191
704
611
874
191
701
610
849
190
698
607
832
191
697
606
840
191
697
606
837
194
696
604
853
196
694
608
880
197
697
616
891
201
702
622
891
203
701
623
-_do
do
do
do
do
do
11, 125
2, 941
8,184
2, 597
7,105
8, 190
11,412
3, 009
8, 403
2, 684
7,361
8, 520
11,437
37 038
8, 399
2,718
7, 444
8, 537
11,509
3, 045
8, 464
2, 702
7. 452
8, 649
11,608
3, 044
8 564
2, 705
7,416
8, 699
12, 146
3, 057
9 089
2, 709
7, 380
8, 980
1 1 , 233
2, 995
8, 238
2, 702
7,313
8 672
11,040
2,974
8, 066
2, 706
7, 333
8,737
11,101
2, 964
8, 137
2, 750
7, 359
8, 769
11,162
2, 955
8,207
2,724
7, 448
8 787
11,238
2, 959
8. 279
2, 734
7, 510
8 816
11,354
2 990
8, 364
2, 766
7, 598
8, 797
11,327
3,013
8,334
2, 795
7,633
8. 534
11,342
3,044
8, 298
2, 801
7, 606
8,535
33,429 P! 1,557
3, 053 P 3, 076
8, 378 P 8, 481
2, 776 P 2, 764
7, 627 P 7, 642
8, 888 p 9, 033
i 53, 380 i 54, 347
16 667 16 762
9, 441
9, 369
187
173
661
383
385
595
602
1, 229
1,182
54,301
16 619
9, 322
J88
627
379
589
1, 169
"J. °0
1C. 1^9
(', )( )S
190
r
'576
5SH
I, 1ol
53, 707
16 174
8, 9SS
194
591
364
561
1,107
53, 5P1
16 021
9,111
192
608
372
576
1,127
1 95
5%
356
5~6
1,092
53,485
15 %2
8, 797
196
591
358
551
I,0s4
53, 561
16 023
8, 820
196
595
361
557
1, 085
53, 663
16 119
8, 904
196
601
365
561
1. 101
53, 894
16 275
9, 058
199
602
306
569
1,135
54, 182
16 373
9,114
200
606
368
573
1, 151
51,335
16 392
9, 338
202
604
370
575
1, 170
54, 333
16,381
9, 131
202
003
371
578
1, 174
54,417 P54, 576
16 342 p J O 359
9, 119 P9, 128
P 209
203
* 602
005
P 370
572
P 577
1, 183 P 1, 185
Manufacturing establishments
Durable goods industries
Nondurable goods industries.
Mining, total? --Metal
__
Coal mining
Crude petroleum and natural gas
Wholesale and retail trade
Wholesale trade
Retail trade
Finance, insurance, and real estate
Services and miscellaneous
Government
Total, seasonally adjustedf
Manufacturing establishments
Durable goods industries_
Ordnance and accessories
Lumber and wood products
Furniture and fixtures
Stone, clay, and glass products
Primary metal industries
do
do
__do
do
do
do
do
do
>3, 995
16 ,5.1 1
677
88
354
332
p670
3, 046 p3, 014
3, 985 p 3, 982
825
267
939
203
694
638
Fabricated metal products
do
Machinerv
__ do _.
Electrical equipment and supplies
do
1,121
1, 45 i
1,391
1,129
1,471
1,446
1,125
1,446
1,112
1, 438
1 , 405
1,092
1,433
1,417
1.073
1,4H
1,402
1 , 055
1,401
1 , 405
1,041
1.394
1,411
1,040
1 , 388
1,416
1 057
1 , 395
1,422
1 , 084
1 , 39S
1,439
1, 085
1,396
1,442
3 , 082
1,401
1, 442
3,094
1,404
1,444
1 , 088 P 1 , 083
3,403 p 1,417
3,430 p } , 460
Transportation equipment
Instruments and related products
Miscellaneous manufacturing ind
do
do
do
1,670
345
388
1,617
354
392
1,6°1
352
391
1,595
348
387
1 , 565
348
381
1,553
345
378
1 491
343
373
1,455
341
375
1 468
340
374
1 487
342
377
1 537
346
383
1, 560
347
386
3 . 559
349
384
1,530
349
382
3,534
349
380
P 1 , 496
P 347
P382
do
7, 298
1 790
7,321
1, 793
7,297
1 789
96
900
1,226
592
7, 240
1 79!
93
884
1 , 203
589
925
897
208
359
361
7, 186
1 7«8
92
876
1 180
584
92?
824
206
356
358
679
2 757
3, 950
11 334
2 723
7, 447
8, (543
7, 1 58
1 785
91
870
1 173
584
7, 203
1 794
99
672
9 77.3
3 931
11 347
2 797
7, 439
8 671
667
2 7f,5
3, 922
11 296
9 731
7. 460
8, 682
7.215
1 787
90
877
1 2^4
585
994
894
205
356
363
666
7 7 217
i 772
^9
884
1 196
588
995
828
206
365
364
670
2 749
3 903
1' 355
2 739
7, 43.")
8 774
7, 259
1 775
90
887
1 210
592
999
834
206
371
365
669
9 795
3,914
11 392
9 747
7,471
8,823
7 254
920
891
205
352
359
7, 165
1 785
91
869
1 189
583
o-">2
819
204
350
360
700
2 879
4, 008
11,422
2 704
7, 400
8, 569
7,281
1 , 803
96
890
1 912
592
099
828
210
304
364
698
2 877
3, 991
1 1 , 423
2 707
7,415
8. 590
88
887
1 , 208
593
932
836
203
372
362
672
2 776
3,942
11 437
2 748
7, 533
8, 835
7. 250
1, 770
90
882
I,2i3
592
929
835
205
372
362
665
2 770
3, 939
13,410
2 757
7, 546
8, 865
7. 223
1 , 764
96
880
1, 198
589
928
833
203
374
358
G67
2 777
3, 953
11 414
2 762
7, 582
8, 920
P 7 224
p 1 , 76 1
P 87
?882
p 1 . 203
P 592
p 927
P 835
P204
P375
^358
p 663
P 2 788
p 3, 958
P! 1,471
P 2 770
P 7, 604
P 8, 970
12,716
19 49 5
6, 977
6, 895
90
588
3'22
494
936
12,530
19 973
6, 880
6, 784
89
571
321
485
922
12 324
12 005
11 969
6. 613
6, 568
92
518
302
449
880
11 740
1 1 890
6, 449
6, 447
92
502
294
49Q
866
11 642
11 755
6, 351
6, 377
91
490
994
421
858
11 666
11 m°
11 712
11 910
6, 426
6, 491
91
514
297
441
873
11 875
19 060
6, 797
6, 680
92
545
314
470
900
12 090
]9 145
6, 678
6, 682
93
565
301
470
926
32 023
12 164
6,616
6.709
94
563
300
471
927
32, 274
12 156
6,641
6, 699
94
568
311
477
940
32,418 p 12, 352
19 []2 p]2 108
0, 760 P 6, 769
6, 680 P 6, 675
96
p 98
567
P 556
316
P 315
477
P 473
957
P 962
425
870
1, 00 J
997
1, 111
553
380
232
336
418
403
850
978
979
1, 121
567
384
228
321
390
826
972
952
1, 101
554
3S2
221
297
386
868
980
955
1, 124
569
379
228
336
804
968
946
1,047
503
380
22!
280
389
784
970
939
998
457
379
217
286
395
780
968
934
999
454
380
217
289
5, 739
5 510
1 361
107
823
1 112
480
5, 650
5 494
1 308
104
813
1 094
478
5,527
5 453
1 2° 5
88
804
1 090
474
5, 392
5 391 169
85
5, 291
5 378
1 101
5, 308
5 409
1 104
003
506
137
288
320
604
509
135
282
321
599
500
132
49,5
816
971
943
1 , 044
504
374
219
302
5,293
5 423
1 191
66
791
1 033
' 464
590
509
13°
436
895
967
950
1,050
515
371
220
310
5,412
5 463
1 384
597
51 0
139
288
323
406
790
972
931
1 006
464
377
217
293
5, 286
5 419
1 1J4
68
785
1 046
462
592
509
131
268
311
442
809
957
944
1,033
505
370
218
301
5, 407
5 455
1 926
65
788
1 034
467
594
506
132
277
318
447
831
950
968
961
430
368
222
317
5, 633
5 457
1 318
89
802
1 100
475
594
509
135
284
327
Nondurable goods industries
94
95
Tobacco manufactures
do
915
943
Textile mill products
_
do
1 , 228
1,225
Apparel and related products
do
593
585
Paper and allied products
do
917
Printing, publishing and allied ind do
890
830
810
Chemicals and allied products
do
212
215
Petroleum refining and related ind do
374
Rubber and misc. plastic products
do
366
Leather and leather products
do
3/5
709
Mining
do
731
2 882
2 955
Contract construction
do
4,017
4,010
Transportation and public utilities
do _
11, 125 11,412
Wholesale and retail trade
do
2 684
2 597
Finance insurance and real estate
do
7, 105
7,361
Services and miscellaneous
do
8, 520
Government
__do
8,190
Production workers on mfg. payrolls, unadjusted:!
Total, unadjusted!
_ . _"_
thous
12, 596 ] 2. 562
SeasonaHv adjusted
do
Durable goods industries, unadjusted __ do
7,031
7, 021
Seasonally adjusted
do
89
Ordnance and accessories _.
do.
84"
Lumber and wood products
do
570
594
319
Furniture and fixtures
do
321
Stone, clay, and glass products
do
494
4S3
992
Primary metal industries
do
953
Blast furnaces, steel and rolling mills
415
471
thous
869
Fabricated metal products
do
867
Machinery
__ _ _ d o _ _
1,030
1, 026
Electrical equipment and supplies
do
987
967
1, 133
Transportation equipment 9
-do _ _ 1,181
566
539
Motor vehicles and equipment
do _ _
392
Aircraft and parts
do
463
230
Instruments and related products
do
316
Miscellaneous mfg. industries
do
313
Nondurable goods industries, unadj
do
5, 541
5, 565
Seasonally adjusted
do
Food and kindred products
do
1,222
1,211
Tobacco manufactures
do
83
84
Textile mill products
do
855
Apparel and related products
do
1,094
1,091
Paper and allied products
do_ __
474
470
Printing, publishing, and allied ind. .do
592
576
Chemicals and allied products
do
506
51 1
138
Petroleum refining and related ind _ do
140
289
Rubber and misc. plastic products.. _do
289
Leather and leather products
do
333
323
?!
9°1
830
210
369
364
693
2 839
3, 976
11 371
2 719
7, 431
8, 622
»• Revised.
*> Preliminary.
1 Total and components are based on unadjusted data.
f Revised series. Beginning with the Nov. 1961 SURVEY, data for employment, hours,
earnings, and labor turnover have been adjusted to the Mar. 1959 benchmark and have
been converted to the 1957 SIC. Effective Jan. 1959, the data include Alaska and Hawaii.
~Q!
1 055
406
318
5, 291
5 373
1 121
81
778
1 039
' 463
591
497
131
271
318
778
1 071
459
591
495
129
266
322
870
1 201
5S5
2
3
11
9
925
892
204
351
359
668
799
919
959
739
7, 463
8,712
6, 358
6, 403
92
492
294
431
861
779
1 089
'461
594
5Q9
130
266
318
9 7^Q
3 901
1 1 3^0
9 739
7, 425
8*734
6,' 637
93
296
458
904
311
800
1 050
' 474
594
507
334
279
322
457
836
962
982
1,016
409
380
220
324
5, 6589
5 43
1 ' 328
307
804
1 084
477
601
510
333
294
319
P 839
p 962
P998
p 1,010
P225
P 331
P 5, 583
P 5 433
P 1 262
P 92
P 805
p 1 086
p 478
P604
P 510
P 133
P299
^315
The revision affects all series; previously published estimates are not directly comparable
with the revised data. Unpublished revisions (prior to Sept. 1960) and industry definitions
on the new basis are available from the U.S. Dept. of Labor, BLS, Washington 25, B.C.
9 Includes data for industries not shown separately.
SURVEY OF CURRENT BUSINESS
S-14
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1959
1960
November 1961
1960
1961
1
Monthly
average
Sept,
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug. | Sept.
2.271 i 2.253
221 1
225 |
|
755
P 745
"742
55. 8 p 55. 9 f 57. 0
Oct.
EMPLOYMENT AND POPULATION—Continued
EMPLOYMENT— Continued
Miscellaneous employment data:
Federal civilian employees (executive branch):
United States
thous
Wash D C . , metropolitan area
do
2 192
2 243
210
215
2.193
214
2.189
214
2.189
215
i 2, 478
i 222
2.180
215
2,186
215
2,193
216
2, 205
217
2 212
216
2,248
224
2, 265
226
805
60. 5
787
59.3
782
60. 1
764
58. 9
759
58. 2
731
54. 6
730
55.0
727
55. 2
729
55.6
734
54.5
747
55.0
752
55.5
106. 1
105. 1
97.1
100. 9
106.6
95.2
123.3
108.0
94. 5
123.3
106. 7
94.7
107. 9
103.9
90.7
92. 4
100.5
89.3
91.0
98.9
89. 0
85.0
98.0
85.8
88.6
98.9
82.9
95.9
100. 3
85.6
105. 6
103.0
8^.3
117.1
106. 4
92.6
120.3
105.7
93.0
125.0
107.6
92. 2
122 1 '
108.4 ! p l l O . 2
93. 1 I
40.3
39.7
2.4
40.1
24
39. 6
39.4
2.5
40.0
39.8
'> 5
39.7
39.5
2. 5
40.2
39.9
2 5
39.3
39.3
2.2
39. 6
39.7
2.1
38.7
38. 5
2.1
39.1
39.0
2.0
38.9
39. 0
1.9
39.3
39.3
1.8
39. 0
39.3
1.9
39.3
39.6
1.8
39.1
39.3
2.0
39.5
39.7
1.8
39.3
39.7
2.1
39.8
40.0
2.0
39.7
39.8
2.2
40. 2
40.2
2.1
40.1
39.9
2.4
40.6
40.4
2.3
40.0
40.0
2. 5
40.3
40.5
2.3
40. 2
40.0
2.6
40. 5
40.5
2. 5
39. 7 "40.3
3 9 . 5 1 p 40. 1
2.7
40.7
Ordnance and accessories
- do.
Lumber and wood products
do
Furniture arid
fixtures
do
Stone, clay, and glass products
do
Primarv metal industries
do
Blast furnaces, steel and rolling rnills.do
41.2
39.7
40.7
41.2
40 5
39.8
40.7
39.0
40.0
40.6
39 0
38.0
40.8
39.4
40.5
40.7
38.1
36. 5
40. 6
39.4
40.3
41.1
37.9
36. 0
40.7
38.2
39. 5
40.6
37.4
35.2
40.1
37.6
39.7
39. 3
37.2
35.3
40.8
38.5
38.2
39. 6
37. 7
36. 2
40.4
38.4
38.5
39.4
37.9
36. 5
40.8
38. 5
38.7
39.8
38.2
36.9
40. 6
38.8
3C.7
40.1
38.9
38.1
40. 5
39.7
38.7
40.7
39.5
38.8
40.5
40.5
39. 8
41.4
40.2
39.6
40.2
39.5
39.8
41.3
40.3
39.9
40.6
40.2
40.9
41.6
39.9
39. 2
40. 9
39. 6
Fabricated metal products
do
Machinery
..
_ _ do
Electrical equipment and supplies
do
40. 9
41.5
40.5
40.5
41.0
39.8
40.8
40. 5
40, 1
40.6
40.7
40.3
40.0
40.3
39.8
39.3
40.1
39.1
39.5
40.4
39.8
39.4
40. 5
39.7
39.6
40.4
39.7
40.1
40.8
39.8
40.5
40.9
39.9
41.0
41.1
40.3
40.7
40.9
39.7
41.1
40 9
40.4
39.9
40. 9
39. 9
P41.1
P41.3
p 40. 7
Transportation equipment?
_
Motor vehicles and equipment
Aircraft and parts
_
Instruments and related products
Miscellaneous mfg. industries
40.7
41.1
40. 7
40.8
39.9
40.7
41.0
40.9
40.4
39. 3
40.4
41.0
40.7
40.2
39.1
41.2
41.9
41. 1
40.6
39.8
40.4
40.5
41.2
40.6
39. 5
40.0
39.7
41.3
39. 2
38.0
39. 2
37. 5
41.7
40.3
38.9
39.4
37.8
41.6
40.2
39.2
39.8
38. 5
41. 5
40.2
39.1
40.2
39.8
41.1
40.3
39.0
40. 6
40.7
40.9
40.4
39.1
40. 6
40.9
40.7
40.8
39.7
40.5
40. 5
40.9
40.5
39.1
40.2
39.7
41. 1
40. 9
39.4
37. 2
32.8
41. 4
41.0
40. 0
p 40. 8
P41.3
v 40. 1
39.7
39.2
2.7
41.0
39. 1
40.4
36. 3
42 8
2.5
40.9
38.2
39. 5
35.5
42.2
39.2
38.9
2.6
41.7
40.8
38.4
35.2
42.3
39.1
38.9
2.5
41.3
40. 6
38.8
35.3
42.3
38.9
38.7
2.3
40.9
37. 6
38. 9
35. 0
41.8
38.2
38.1
2.2
40.7
39. 1
38.1
33.2
41.0
38. 5
38. 7
2.1
40.4
37.7
38. 0
34. 2
41.4
38. 5
38.8
2.1
40.2
37.0
38.5
34.9
41.6
38.7
39. 1
2.2
40.2
36. (i
38.8
35. 5
41.8
38.7
39.3
2.2
40.0
38.2
39.0
35. 1
42.2
39.0
39.3
2.3
40.9
38.1
39.5
34.9
42.2
39.6
39.5
2.6
41.4
39.4
40.2
35.4
42.9
39.7
39.5
2.6
41.4
38.2
39.9
35.9
42.8
39.8
39. 3
2.8
41. 4
40. 1
40. 5
36. 5
43.0
39. 5
39.2
2.8
41.5
41. 7
40. 4
34. 5
42. 9
P 39. 6
p 39. 4
P2.9
P41.2
p 39. 6
P41.2
p 35. 7
p 42. 7
do
do
do
do
do
38.5
41. 1
41.2
41.3
37.9
38. 5
41.3
41.1
39.9
36. 9
38. 7
41.1
41.8
39. 3
35.9
38. 6
41.0
41.3
39.9
35.8
38.5
41.1
40. 9
il 4
38. 0
40.7
40.8
38.8
35.8
38.0
41.0
41.3
39.2
37.8
38.0
40. 9
40.2
39. 1
37.3
38.2
41.2
40.6
39.1
36. 9
38. 1
41.2
41.2
39.7
35.9
38. 0
41.2
41. 1
40.1
36.8
38.2
41.7
41.8
40.6
37.9
38. 1
41.5
42.6
40.7
38.3
38.3
41.5
41.0
40.6
37.6
38. 6
41.3
41.6
41. !
36. o
p 38. 3
"41.5
P41.5
f 40. 3
p36. 6
N onm armfacturing cstablislmicn ts : !
Mining?
_
._ - _ d o
Metal mining
do
Coal mining
do
Crude petroleum and natural °'as
do
40.5
40.3
35. 4
42. 6
40. 4
41.8
35. 5
42.0
40.4
42. 0
33.9
42. I
40.4
41.0
34.9
41.8
39.7
40.5
33.5
42. 1
39. 6
41.4
34.8
41.4
40. 1
41. 1
35.4
42. 0
39. 6
41.0
34.7
41.6
38.9
40.5
31.5
41. 9
39.5
40. 9
32.8
41.8
40.2
40. 6
34. 6
41.6
41.1
42.0
36.8
41.5
41.6
41.6
38.0
42.1
41. }
41.4
36.6
41.7
40.9
42.1
36. 8
41.2
do
do
do
do
37.0
35. 7
40.8
36.3
36.7
35. 4
40.7
35.9
37. 7
35.9
42.4
36.7
38.2
36. 4
42.8
37.2
35. 8
34. 6
38.8
35. 2
34. 2
33. 0
37.2
33.9
36.4
35. 7
39.4
35.8
36.1
35. 5
39. 2
35.4
35. 8
34.8
38.9
35. 3
35.8
34.9
38. 3
35.3
36.8
35.9
40.0
36. 0
37.7
36. 5
41.4
36.8
37. 9
36.5
41.7
37.0
38 5
37.0
43. 1
37.3
37 5
35. 9
40. 9
36. <»
Local and suburban transportation
do
Motor freight transportation and storage-do
Tele phone communication
do
Electric, gas, and sanitary services
do
Wholesale and retail trade
do
Wholesale trade
do
Retail trade §
do
43. 4
42. 2
39. 2
41.0
39 3
40. 6
38 7
43.1
41.5
39. 6
41.0
39 0
40.5
38 5
43.1
42. 1
40.8
41.8
39.1
40.6
38.4
42.9
41.8
40.0
41.2
38.9
40. 6
38.2
43.1
41.2
40.4
41. 2
38.8
40. 5
38.1
43. 5
41.0
39,5
41.2
39. 0
40.4
38.4
42.0
40.5
39.0
40.9
38.7
40. 3
38. 1
42.8
40 8
39.1
40.9
38.7
40. 1
38.1
42. 6
40. 6
38.8
40.7
38.6
40.2
38.0
42.8
40.8
38. 7
40. 6
38.7
40.3
38.0
43.2
4!. 3
38.9
40. 7
38.7
40.3
38.0
43. 6
42.2
39.2
40.8
39. 1
40.6
38.4
43.0
41.7
39. 6
41.0
39.4
40.7
38.8
43.3
42. 6
39.5
40.9
39. 3
40.6
38. 6
43.4
42.4
40.4
41. 1
38.9
40. 5
38. 2
Services and miscellaneous:
Hotels, tourist courts, and motels
do
Laundries, cleaning and dyeing plant s.ao
40. 0
39.0
39.9
38.8
39.8
38.8
39.5
39.3
39.1
38.8
39.4
38. 1
39.2
38.5
39.1
38.2
39.2
38.6
39.0
38.5
39.3
39.5
39.6
39.7
40.8
39.1
41.1
38.7
40.3
38.7
88. 20
90. 05
100. 30
74. 24
89.72
97.44
108. 67
73. 7J
89. 89
97. 60
110. 16
76.83
90. 12
97. 69
109. 62
75. 65
89.21
96. 23
110.30
71.05
88.62
96. 19
109. 47
69.94
89. 08
96.29
111.79
70.84
89.31
96. 29
3 1 1 . 50
69. 89
89. 54
97. 17
112.61
71.23
90. 78
98.31
112.06
74,88
92.10
99.70
112. 19
77. 42
93.03
101.09
112. 19
79. 79
93. 20
100. 35
111.76
78.21
92. 86
100. 44
112.87
79. 19
92. 50 p 94. 71
99. 35 P102.41
114.52 p j 16. 05
79. 99 p 80. 60
74 48
91 46
76 14
93.61
106. 30
110. 96
76 17
94.94
105. 36
108. 72
74 26
93.38
103. 60
105. 95
75 43
90.39
104.90
109.08
72 20
91.08
106. 69
1 1 2. 58
90. 62
107. 26
113.52
73. 14
91.54
108.49
115. 13
73.14
93. 03
111.25
120. 02
73. 53
94. 83
114.16
123. 00
76.02
97.29
116.58
126.32
75.62
97. 06
117.68
128. 08
78. 12
98. 18
116.11
125.05
79. 13 '• 79. 32
97.88 p98. 12
118.37 p]! 9. 39
129. 04
100 37
103. 68
92. 23
99 47
104. 19
92. 29
97.60
103. 17
91.94
96. 68
103. 46
91.49
96. 78
104.23
92. 73
96. 92
104.90
92.50
97.81
105.04
92. 50
99. 45
106.49
93. 13
100. 85
106.75
93.37
102.09
107. 68
94.71
101.75
107. 16
93.69
102. 34
106. 75
94.94
98. 55 P103. 16
1C7. 57 p 109. 03
93.77 P 96. 05
111.60 108. 19 108. 74 109.85 110.95 112.87 112.87
112.35 105. 00 105. 46 107.80 112.24 116.00 116.57
114.40 114.68 114.82 114.54 113.03 112.07 111.52
95. 68
95. 75
95. 51
92.90
95. 51
94.87
97. 10
75.46
75. 07
75.27
72. 96
75.08
75.66
76.22
! See corresponding note, bottom p. S-13.
9 Includes data for industries not shown separately.
§ Except eating and drinking places.
113.00
115.43
112.88
96.80
74.29
112.96
113.94
114.26
97. 75
74.47
104.53 P115. 46
93. 15
115.92
97. 99 P98. 71
76.40 P 76. 99
Railroad employees (class I railroads):
Total
- __do
Index, seasonally adjusted
1947-49=100-INDEXES OF WEEKLY PAYROLLS f
Construction (construction workers) t-1957-59= 100Manufacturing (production workers)!
do
Mining- (production workers)!
do
HOURS AND EARNINGS!
Average weekly gross hours per worker on payrolls
of nonagricultural estab., unadjusted:!
All manufacturing estab , unadj f
hours
Seasonally adjusted
do
Average overtime
_ _ _
. do .
Durable goods industries
_ do
Seasonally adjusted
do
Average overtime
do
do
do
do
do
do
Nondurable Foods industries, unadj _ do
Seasonally adjusted
do
Average overtime
do
Food and kindred products
-do _.
Tobacco manufactures
do
Textile mill products
do
Apparel and related products
do
Paper and alh'^d products
do
Printing, publishing, and allied ind
Chemicals and allied products
Petroleum refining and related ind
Rubber and irisc plastic products
Leather and leather products
Contract construction
General building contractors
lleavv construction
Special trade contractors
Average weekly gross earnings per worker on payrolls of nonagri cultural establishments:!
All manufacturing establishments!
'dollars. .
Durable goods industries
_ „ _ do
Ordnance and accessories
do
Lumber and wood products _ _ _ _ _ . ..do _ . _
2
841
08. 2
2
Furniture and
fixtures
do
Stone, clay, and ^lass products
do
Primarv metal industries
do
Blast furnaces, steel and rolling mills .do
112.19
123. 38
75 20
92 97
109. 59
117.04
Fabricated metal products
Machinery
Electrical equipment and supplies
96 12
102. 92
89. 10
98 82
104. 55
90. 74
do
do
do
Transportation equipment 9 _
. _ do .. 107. 45 111.52 112.72 114.95 111.91
Motor vehicles and equipment
do
111.38 115.21 117.67 120. 25 114.62
106. 63 1 10. 43 111. 11 112.20 1 12. 89
Aircraft and parts
do
95. 00
95.00
Instruments and related products
do
93. 73
93.67
91. 39
75.22
74.28
73.90
75. 05
73.42
Miscellaneous rnfg. industries
do
r
Revised.
P Preliminary.
1
Includes Post Office employees hired for the Christmas
season; there were about 293,000
2
such employees in the United States in Dec. 1960.
Based on unadjusted data.
39. 9
39. 7
J!:S
40. 4
p 2.7
p 40. 8
r 40. 5
P2.6
* 41. 3
P40. I
Ml.l
P41.4
p 40. 2
40. 2
SURVEY OF CURRENT BUSINESS
November 1961
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1959
1960
Monthly
average
S-15
1961
1960
Oct.
Sept.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
EMPLOYMENT AND POPULATION—Continued
HOURS AND EARNINGS— Continued
Average weekly gross earnings per worker on payrolls of nonagricultural estab.f— Continued
All manufacturing estab.f — Continued
Nondurable goods industries
dollars
Food and kindred products
do
Tobacco manufactures
do
Textile mill products
do
Apparel and related products
do
1
78 61
82.82
64.12
63. 02
56. 63
80 36
86. 30
64. 94
63. 60
56. 45
80 75
86. 74
62. 83
61. 82
56. 67
80 55
86.73
64.15
62. 47
57.19
80 52
86. 71
64. 30
62. 63
56. 35
79 84
87 10
68. 03
61 34
52.79
80 47
87 67
65. 22
61 IS
55. 06
80 47
87 23
65. 12
61 99
56. 19
80 88
87.23
65. 51
62.86
57.51
81 27
87 20
71.05
63. 18
56. 51
82 29
89 57
70. 87
63 99
55.84
83 56
90 25
74.07
65 12
56. 64
84 16
90 25
71.05
64 64
58.16
83 58
88 60
68.17
66 02
59.86
84 14
89 64
66. 72
66 26
56.93
v 84 74
P 89 82
v 68. 51
*>67 98
p 60. 33
93.30
99.72
99. 36
117.42
94. 16
60. 26
95. 37
102. 80
103. 25
118.78
92. 97
60. 52
96. 87
104. 49
103. 98
121.64
91. 96
58. 88
96. 44
103. 83
103. 73
118. 53
93. 77
59. 07
95.72
103. 57
103.98
119.02
92. 43
60. 06
94. 30
103. 36
103. 38
118.73
91. 96
58. 35
95. 22
102. 98
104. 14
123.90
92. 51
62. 75
95. 68
103. 36
103. 89
121.00
91.49
61. 55
96. 14
103. 90
104. 24
121. 80
91.89
61. 62
97. 90
104. 01
104. 24
124. 42
93. 69
59. 95
97.90
104. 12
105. 06
123. 30
95.04
61.46
100. 39
104. 67
108. 00
126. 24
97.03
63. 29
100. 58
104. 39
107. 90
126. 42
98.90
63. 58
101. 05
105. 33
107. 49
122. 59
97.85
62.79
101.67
106. 92
107. 79
126. 88
99. 46
62.05
plOl.20
do
do
do
do.
103. 68
102.77
109 03
103. 52
105.44
111 19
110 76
103.32
104.64
112 56
105 09
103.99
105.44
110 70
108 54
103.66
102. 82
108 95
103 18
103.99
103. 75
112 19
107 53
103. 09
106.27
110 97
110 09
106. 6«
104. 15
107 22
104. 42
101. 14
109 35
96 71
104. 75
103. 49
111 25
101 35
105. 75
104 92
109 62
106 91
104! 00
108 09
114 24
115 IS
103. 75
110 24
114 40
119 32
106*93
108 09
113 02
113 83
104. 67
108 79
116 20
114 45
105. 47
Contract construction
General buildin? contractors
Heavy construction
Special trade contractors
_
do
do
do
do
108 41
100.32
108 94
113.62
112 67
103.72
114 77
118. 11
116 87
106. 26
122 11
122. 21
119 IS
108. 11
124 12
123 88
110 98
102. 76
110 19
117. 22
10S
99
107
114
07
33
51
58
115 39
107.46
113 87
121.00
114
106
112
119
08
50
11
65
112 41
103. 70
110 48
118 61
112 77
105. 40
109 92
118 96
116 99
108 78
116 40
121 32
119
110
121
124
119
110
122
125
122
111
127
126
120
109
192
126
Transportation and public utilities:
Local and suburban transportation
Motor freight transportation and storage
Telephone communication
Electric, gas, and sanitary services
do _
do. _
do
do
91.57
102. 12
85. 46
103 73
94. 82
104. 17
89. 50
108 65
95. 68
106. 93
95. 47
113 28
94. 81
106. 1 7
92.00
111 24
96. 1 1 98. 31
103. 82 103. 73
92. 92
91. 64
111 24 112 06
95. 34
102. 06
90. 48
110 84
97. 16
103. 63
90 71
110 84
97.13
103. 53
90. 02
110 30
97. 16
104. 45
90. 17
110 43
98. 06
106. 55
91 03
110 70
99.41
109. 30
-do . .
-do
do
69. 17
88. 91
60 76
70. 98
91. 13
62 37
71. 55
91.35
62 98
71.19
91 35
62 65
71.00
91. 13
62 48
70. 20
91.30
61 82
71.60
91.8!"'
63 25
71. 60
91 43
62 87
71.41
91.66
62 70
71.98
92. 69
63 46
72. 37
92 69
63 84
65 10
85 29
67 15
87 41
87 28
67 89
87 99
67 53
87 85
67 5?
88 07
68 45
88 90
69 01
88 74
69 01
88 80
68 89
89 08
42. 40
46. 80
43. 89
48.11
43.78
48. 11
45. 43
49. 13
44. 57
48. 50
45. 31
47. 63
45. 08
48.13
44.97
47. 75
45. 08
48. 25
44. 85
48. 51
2.19
2 12
2.36
2.28
2 58
1 87
1.83
9
22
2. 26
2 20
2 43
2. 36
9 67
1 89
1 88
2 29
2.27
2 20
2 43
2.36
? 70
1 92
1 89
2 31
2 78
3.02
2.27
2 21
2 43
2.37
2 71
1 86
1.88
2 30
2 77
3.01
2 929
2 3
2 46
2.40
2 73
1 86
1 90
2 30
2 82
3. 09
2 29
2 24
? 45
2.39
2 74
1 84
1 89
2 3()
2 83
3.11
2 29
9 93
2 45
2 39
9 76
1 89
1 89
9 3f)
2 83
3.11
2 ?9
2 24
2 46
2.40
2 76
1 85
1 89
2 30
2 84
3.12
2 931
2 5
2 47
2.41
2 76
1 93
1 89
2 32
2 86
3.15
Paper and allied products
. _do
Printing, publishing, and allied ind.-.. .do
Chemicals and allied products
do
Petroleum refining and related ind
do
Rubber and misc. plastic products
do
Leather and leather products. .
.do
Nonmanu facturing establishments :f
Mining 9
Metal mining
Coal miiiin0'
Crude petroleum and natural gas
Wholesale and retail trade
Wholesale trade _
_
Retail trade §
. _.
_
_._
_
Finance, insurance, and real estate:
"nankin0"
do
Insurance carriers
do
Services and miscellaneous:
Hotels, tourist courts, and motels
do
Laundries, cleaning and dyeing plants. _ d o
Average hourly gross earnings per worker on payroils of nonagricultural establishments :f
AJ1 manufacturing establishments!
dollars
Excluding overtimed 71
do
Durable goods industries
.
_ - lo
Excluding overtimed 1 - - - . lo -.
Ordnance and accessories
lo
Lumber and wood products
do
Furniture and fixtures. _
lo
Stone, clay, and 8'1 ass products
lo
Primarv metal industries
lo
Blast furnaces, steel and rolling mills-do
no ?9
13
3
72
02
9
76
23
60
06
05
74
15
45
noe. 09
P108. 73
P126. 16
*>97. 12
p 62. 22
38
50
70
94
110 98
98.47
108. 42
93 46
112 34
99. 16
1H. 19
93 62
112 07
99.82
111.94
97 77
114 26
73 51
94 19
64 %
74 07
94 42
65 57
73 88
93 79
65 23
73 91
94 37
64 94
68 63
89 50
68 82
89 57
6Q 56
90 05
69 19
90 34
6S 82
90 34
45. 20
50. 17
44, 75
50. 42
44. 88
49 66
45. 21
48. 76
45. 14
49. 1 5
2 32
2 25
2 49
2 42
9 77
1 97
1 91
9 35
2 90
3.19
2 33
2 26
2 49
2 42
2 78
1 98
1 90
2 35
2 92
3.21
2 31
2 24
2 48
2 41
2 78
1 97
1 91
2 36
2 91
3.19
2 33
9 25
2 49
2 41
2 809
2 O
1 93
2 37
2 93
3.21
P 9 01
2
2
2
2
32
25
48
42
(!9 1')
v 2 35
3.08
220
2 44
2.36
2 70
1 95
1.88
9
30
2 79
3.04
Fabricated metal products
Machinery - _
_ _ _
Electrical equipment and supplies
do
do
do
*> 35
2. 48
2 20
2 44
2 55
2 28
2 46
2. 56
2 30
2 45
2 56
2 29
2 44
2 56
2 31
9 4(>
2 ,"8
2 34
9 45
2 58
2 33
2 46
2 59
9 33
9 47
2 60
9 33
2 48
2 61
2 34
9 4q
9 4Q
9 (51
2 34
2 62
2 35
9 50
2 69
2 36
2 49
2 61
2 35
2 47
2 63
2 35
j> 9 51
P 2 64
P 9 36
Transportation equipment 9
Motor vehicles and equipment.
Aircraft and parts _ _ Instruments and related products
Miscellaneous mfg. industries
do
do
do
do
do
2. 61
2.74
2.81
2 70
2. 32
1 89
2.79
2.87
2 73
2.33
1 89
2.79
2.87
2 73
2.34
1 89
2.77
2.83
2 74
2. 34
1 90
2. 79
2.83
2 77
2.37
1 99
2.76
2.80
2 75
2.37
1 93
2. 76
2 79
2 76
2. 36
1 93
2. 76
2. 80
2 76
2.38
1 93
2.76
2.82
2 75
2.37
1 93
2.78
2.85
2 74
2.37
1 92
2.78
2.85
2 74
2.38
1 99
2.79
2.85
2 76
2.39
1 90
2.81
2.87
2 78
2.39
1 89
2.81
2.84
2 80
2.39
1 91
*2.83
9
2 10
2 03
p 2 14
1 6°
2 35
1
1
1
2
70
63
64
35
2 13
2 05
2 16
1 60
1 64
1 65
2 37
j> j
p1
p1
v2
P2.77
p 9 62
* 3 04
P2.41
v 1 70
Nondurable goods industries
Excluding overtimed 1
Food and kindred products
Tobacco manufactures _ _
Textile mill products
Apparel and related products
Paper and allied products
9 81
3.10
2 62
2.24
1 84
_
do
do
do
do
do
do
do._
1 98
1 91
2 02
1 64
1 56
1 56
2.18
9
1
2
1
1
1
2
Printing, publishing, and allied ind
Chemicals and allied products
Petroleum refining and related ind
Rubber and misc. plastic products
Leather and leather products
do
do
do
do
do_.
2.59
2 40
2 85
2.28
1.59
Non manufacturing establishments:!
Alining 9
do
Metal mining _
_
__do
Coal mining
do
Crude petroleum and natural gas
_ do
Contract construction
do
General building contractors
do
Heavy construction. . _ ...
_ _ _ _ do.
Special trade contractors _ do
Transportation and public utilities:
Local and suburban transportation
do
Motor freight transportation and storage .do
Telephone communication
. . . do
Electric, gas and sanitary services
do
Wholesale and retail trade
_ _ .do _ _ _
Wholesale trade
do
Retail trade §.
do
Services and miscellaneous:
Hotels, tourist courts, and motels
do
Laundries, cleaning and dyeing plants, .do
r
Revised.
*> Preliminary.
t See corresponding note, bottom p. S-13.
§ Except
eating and drinking places.
05
t)9
11
70
61
59
26
2
2
2
]
1
09
03
14
74
61
06
99
08
54
61
61
29
2 06
29 00
10
1 61
1 62
2 28
2
2
2
1
1
1
2
2.67
2 50
2 89
2.33
1 64
2.70
2 53
2 91
2.34
1 64
2.69
2 53
2 87
2.35
1 65
2 56
2 55
3 08
2 43
2 93
2 81
2.67
3 13
2
2
3
2
3
2
2
3
2
2
3
2
3
2
2
3 33
2
2
3
2
3
2
2
3
2.11
2. 42
2 18
2.53
2.20
2.51
2 26
2. 65
2.22
2.54
2 34
2.71
2.21
2.54
2 30
2.70
2.23
2.52
2 30
2.70
2.26
2.53
2 32
2.72
2.27
2.52
1.76
2 19
1 83
2 25
1 64
1 83
2 25
1 64
1 83
2 25
1 64
1 80
2 26
1.57
1 82
2 25
1 62
1.06
1.20
1.10
1.24
1.10
1.24
1 15
1.25
1.14
1.25
61
66
12
46
07
93
82
29
2
1
2
1
1
1
2
59
68
10
47
10
96
88
1 58
61
70
11
48
12
97
90
33
07
01
12
71
61
61
29
1 59
2 30
2
2
2
1
1
1
2
2.69
2 53
2 91
2.34
1 65
2.72
2 54
9 91
2.37
1 63
2.71
2 54
3 00
2.36
1 66
2. 72
9 54
3 01
2.34
1 65
2.72
2 53
3 00
2. 35
1 67
2.73
2 53
3 02
2.36
1 67
2.74
9 55
3 00
2.37
1 67
2.74
2 59
3 0°
2.39
1 67
2.74
9 60
3 01
2.43
1 66
2.75
2 59
2 99
2.41
1 67
2.77
2 61
3 05
2. 42
1 70
2
2
3
2
3
2
2
3
2
2
3
2
3
3
2
3
9 65
2
2
3
2
3
3
2
3
63
69
09
51
16
00
86
38
9 60
2 70
3 07
2 50
314
2 98
2 84
o
2
3
2
3
3
2
3
61
70
09
50
16
03
91
37
2 63
2 72
3 13
2 50
316
3 02
2 94
3 37
2
2
3
2
3
3
2
3
65
75
14
54
16
02
94
38
2
2
3
2
3
3
2
3 36
2
2
3
2
3
3
2
3
3 39
9
2
3
2
3
3
3
3
2.28
2.55
2 32
2.71
2.27
2.56
2 33
2.72
2.27
2.58
2 34
2.72
2.28
2.59
2 35
2.72
2.29
2.60
2 36
2.74
2.29
2.61
2 37
2.74
2.30
2 64
2.71
2.27
2.54
9 39
2.71
1 61
1 85
2 28
1 66
1 85
2 28
1 65
1 85
2 28
1 65
1 86
2 30
1 67
1 87
2 30
1 68
1 88
2 39
1 69
1 88
2 32
1 69
1 88
2 31
1 69
1 90
2 33
1 70
1 15
1.25
1 15
1.25
1 15
1.25
1 15
1.25
1 15
1.26
1 15
1.27
1 13
1.27
1 10
1 10
l'.26
1 12
59
69
08
47
10
97
84
33
62
71
09
49
16
01
89
38
2
3
2
3
3
2
3
09
04
17
73
61
61
30
1 95
1 %
9 33
2 89
3.17
70
11
54
17
01
89
38
9 39
2
9
2
1
1
1
9
09
03
17
76
61
61
30
2
2
2
1
1
1
2
09
04
17
79
62
62
30
2
2
2
1
1
1
2
10
05
18
86
62
61
32
62
72
09
53
15
02
87
37
2
2
2
1
1
1
2
11
05
19
86
62
60
32
2
2
2
1
1
1
2
11
04
18
88
62
60
34
2
2
2
1
I
0^
18
86
1 69
1.27
9 ]4
63
73
11
51
17
O9
95
T 2 51
p 2 81
P i 93
p 9 37
p 9 97
P2.39
P 1 92
•p 2 18
66
76
11
56
21
05
00
44
9 49
2.78
L27
9 Includes data for industries not shown separately.
d1 Derived by assuming that overtime hours are paid at the rate of time and one-half.
72
65
6Q
37
SUEVEY OF CURRENT BUSINESS
S-16
1959
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1960
1960
Monthly
average
November 1961
Sept.
Oct.
1961
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
2.815
4. 163
3.791
2.836
4.197
3.822
3.845
Aug.
Sept.
Oct.
2.802
4.237
2.871
4 245
3. 875
3.884
EMPLOYMENT AND POPULATION—Continued
HOURS AND EARNINGS— Continued
Miscellaneous wage data:
Construction wages (ENR): §
Common labor
__
$ per hr
Skilled labor
do
Equipment operators _
do
Farm wages, without board or room, 1st of
mo
$ per hr
Railroad wages (average class I)
do
Road-building wages, common labor (qtrly)
$ per hr
LABOR CONDITIONS
Labor turnover in manufacturing estab.tf
Accession rate, total.. mo. rate per 100 employees.
2.566
3 861
3.489
2. 699
4 031
3.651
1
Separation rate, total
do
Quit
do
Layoff
_
do
Industrial disputes (strikes and lockouts) :
Beginning in month:
Work stoppages
number
Workers involved
thous
In effect during month:
Work stoppages
number
Workers involved
thous
Man-days idle during month __ _ . do _.
EMPLOYMENT SERVICE AND UNEMPLOYMENT INSURANCE
Nonfarm placemen ts___
thous .
Unemployment insurance programs:
Insured unemployment, all programs
do
State programs:
1
95
2 550
97
2 616
* 2 09
1
Veterans' program (UCX):
Initial claims
do
Insured unemployment, weekly avg do
Beneficiaries, weekly average
do
Benefits paid
mil. $
Railroad program:
Applications
thous
Insured unemployment, weekly avg._ do
Benefits paid
mil. $
2 645
2.739
4. 090
3.718
90
2. 650
2 09
'4.2
3.8
'4.1
4.3
' 1. 5
r
2.0
2.4
309
157
2. 646
4.2
2 i
'4.4
'5.3
9 O
'3.1
' 3. 6
'3.4
' 1.0
' 1.9
3.5
1.1
1.8
3.6
1.2
1.7
'4.1
'1 2
'2.3
'4. 1
'1 7
'1.7
110
170
80
210
120
220
55
320
94
430
120
330
140
330
95
325
95
310
334
250
53
458
300
100
700
330
150
940
350
75
610
460
126
690
165
1,180
1,530
570
211
1,760
560
183
1, 090
550
160
1,320
530
390
3.150
1, 500
4':o
4.8
1. 475
185. 4
1, 640
227. 2
4 0
5 4
1,418
201. 8
4.2
5 7
1.395
189. 9
32
33
28
30
27
29
27
49
48
6.4
29
99
107
18.5
54
7.0
31
13.1
2.17
'4.0
1, 600
4.4
1.96
2. 654
'4.0
368
«5
739
1 393
1. 078
93
2.684
'3.9
' .9
'2.3
432
146
1 06
1, 598
2.666
'3.9
r
.8
'2.6
500
209
1, 650
1 434
1, 906
2.652
r3.2
192
53
1 918
1, 682
1 04
'4.7
r
.9
r
3 2
258
106
9
2. 800
4.223
3.862
'3.7
271
131
517
2.641
1 04
2.687
2.851
4.215
'2.3
278
110
1,839
2.775
4.133
3.760
'4.8
2 4
584
2 703
2.765
4.120
3.747
'4.5
' .9
4.7
1.3
2.8
1,781
2.765
4. 119
3.747
'2.9
9 1
9 0
2. 765
4 118
2 03
3. 5
485
77
2.655
1 08
2 656
5.3
2.0G7
18.7
3.736
9 o
508
99
2.747
4.099
3. 728
2 21
1, 856
53
50
6.0
2.745
4.095
3. 727
4,8
13
6,000
Insured unemployment, weekly avg___do
Percent of covered employment: cF
Unadjusted
Seasonally adjusted
Beneficiaries, weekly average
thous__
Benefits paid
mil. $-.
Federal employees, insured unemployment
thous _..
2.739
4.090
3.712
378
365
342
417
2, 847
3, 515
3, 638
3, 403
440
2
3, 006
2
5.0
520
551
2, 532
2 2, 165
501
2
2, 133
607
603
2
1, 905
l
2
l,7i5
2
1, 651
2.039
2 175
2, 639
2 381
3. 266
1 919
3! 394
1 709
3, 168
1 468
2, 779
1 368
2, 328
1 "9
1, 991
1 501
1, 958
1 >48
M
6 3
1. 603
231. 1
6 6
6 4
2, 009
300. 2
8.1
0 1
7.8
6 3
2, 899
401. 5
6.8
5 9
2, 664
362. 5
5.7
5 6
2. 138
320.1
4.9
5 3
1,880
264. 4
4.8
5.3
1,005
4.3
5 9
1.589
397. 6
8.4
6 3
2, 984
399. 3
224.0
237.2
33
35
40
41
40
36
33
31
32
31
33
35
29
91
80
83
95
26
59
5 >?
7.0
36
71
64
8.6
39
45
5 9
11.0
12.0
29
60
50
7.3
30
58
57
8 2
25
52
53
0.9
47
11.0
26
61
66
9.0
20
82
15.2
23
95
10. 0
21
103
18.8
38
123
13
113
10
106
6
107
0
100
22.3
16.3
20.5
100
83
12.7
20
73
10.2
74
19.7
9
83
17.6
77
99 9
2, 029
5, 010
1. 405
2,049
2,231
4, 992
1, 525
3, 467
2,254
5,001
1, 532
3, 469
2,203
4,848
1, 478
3,370
2,271
4,851
1, 400
3,391
2,301
4, 904
1, 534
3,370
2,400
4, 802
1, 017
3,245
2 422
4,' 789
1, 730
3, 059
50
1 744
9 799
80
81
91
89
11.0
71
71
10.2
1,744
1 081
1, 558
3.8
5 1
1.374
185. 0
1, 502
3 7
5 1
28
FINANCE
BANKING
Open market paper outstanding, end of mo.:
Bankers' acceptances
mil $
Commercial and finance co. paper, totalj do
Placed through dealerst
do
Placed directly (finance paper)
do
3
1,151
3
Reserve bank credit outstanding, total 9 -do
Discounts and advances
do
U.S. Government securities
do
Gold certificate reserves
do
Liabilities, total 9
Deposits, total 9
Member-bank reserve balances
Federal Reserve notes in circulation
---do
do
do
do
3
3
3
677
s 2, 491
Agricultural loans and discounts outstanding of
agencies supervised by the Farm Credit Adm. :
Total
- -.mil. $
Farm mortgage loans:
Federal land banks _
do
Loans to cooperatives
do
Other loans and discounts—
do
Bank debits:
Unadjusted:
Total (344 centers)
- bil $
New York City _
__
do
6 other leading centers!do
Seasonally adjusted:*
New \ork City
do
6 other leading centers!
do
337 other centers
do
Federal Reserve banks, condition, end of mo.:
Assets, total 9
mil. $_
3
3,3 168
2, 027
4, 418
1, 358
3, 000
1, 668
4, 656
1, 361
3, 295
1, 753
5, 184
1, 493
3,091
1, 868
5, 222
1 , 505
3, 717
3,545
4, 908
1,479
3, 489
3 4, 449
3
4, 795
4, 870
4,837
4,787
4, 795
4,851
4,936
5,023
5,110
5,174
5,242
5,310
5,347
5,352
5,313
3 2, 300
3 022
s 1, 407
3 2, 564
3
049
3
1, 582
9 528
589
1,753
2,538
2,548
2, 605
683
1, 648
2, 640
665
1,718
2, 701
1,859
2,746
617
1,947
2, 784
1,790
2,728
595
1,920
2, 707
052
1,587
2, 581
675
1,595
2, 009
038
1, 600
2, 504
049
1, 582
1, 935
1, 922
2,800
679
1,834
223 20
85. 30
45. 44
236. 56
91. 90
48.13
240. 77
97. 16
47. 91
233. 13
89. 90
235. 10
91.02
257. 71
104. 47
52. 38
205. 44
110. 40
47.58
256. 90
101. 55
52. 31
222. 72
47.57
240. 97
101.15
48.53
268. 80
111.40
53.78
271.83
113. 23
54.28
247. 07 ' 255. 55 246. 01
100. 59 100. 80 100. 29
51.44
48. 99
49. 08
275. 12
113. 73
54.68
103 83
48. 97
96 22
91.87
48. 08
95. 42
98. 79
49. 02
98.31
88. 38
97. 52
51.05
97. 50
98.27
101.45
50. 20
97. 72
49. 48
98.45
103. 45
51. 28
97.33
113.34
53.18
102. 85
103. 83
52. 29
101. 55
104. 54 109. 05 109. 78 1 13. 52
52. 15
50.74
51. 33 ?53. 98
100. 72 ' 102. 39 '100. 21 pl03. 97
47.87
94. 09
89.83
44.86
53.35
650
613
040
645
3
54, 028 3 52, 984
52, 134
rf>
183
51, 962
52, 984
50, 235
50, 438
50, 188
50, 549
49, 811
50, 678
50, 782
51,059
51, 696
52, 087
3
28, 771 329,359
3
333
458
28, 402
181
27, 024
18, 394
28. 729
193
27, 402
18, i07
28, 731
101
27, 488
17, 010
29, 359
33
27, 384
17, 479
27, 560
60
26. 570
17, 140
27, 800
53
26, 607
17, 075
28, 060
115
27, 950
27, 800
28, 496
28, 628
28, 835
29, 213
29, 543
20, 088
17, 099
26, 772
17, 089
26, 887
17, 095
27, 253
17, 256
27, 422
17, 223
27, 097
17, 187
27, 799
17,099
28, 268
17, 028
52, 984
52, 131
52, 133
51, 902
52, 984
50, 235
50, 438
50, 188
50, 549
49, 811
50, 678
50, 782
51,059
51,096
52, 087
18,330
318,174 3317,081
^28,262 28,450
19, 110
17, 942
27, 051
19, 120
17, 9,>0
27, 080
17,021
10,770
18, 330
17, 268
17.081
16,066
28, 006
28, 450
27, 700
17, 355
16, 277
27, 548
17, 546
16, 158
27, 520
17, 562
16, 419
27, 415
16, 966
16, 107
27, 564
17, 094
10, 716
27, 778
17,800
16, 856
27, 906
17, 724
10, 020
28, 034
18,038
17,105
28, 100
18, 194
16,888
28, 229
326,648 327,384
319,164 3 17, 479
354,028
3
3
3
19, 716
Ratio of gold certificate reserves to deposit and
38.3
FR note liabilities combined
percent-. 339.9 3 37. 4
39.3
38,7
r
Revised.
*
Preliminary.
*
Quarterly
average.
2
Excludes persons under Temporary Extended Compensation program and, under
extended duration provisions (thous.): 1961—Apr., 580 and 40, respectively; May, 747; 11;
June, 703; 9; July, 542; 3; Aug., 450; 2; Sept., 403; 3; Oct., 365; 2.
3 End of year.
§ Rates as of Nov. 1, 1961: Common labor, $2.877; skilled labor, $4.253; equipment operators, $3.906.
f See corresponding note, bottom p. S-13.
2, 027
4,418
1, 358
3, 060
67
111
30
59
47
28
59
37.1
36.7
37.6
37.7
37.9
38.0
38.0
38.4
37.9
38.1
cf Insured unemployment as % of average covered employment in a 12-month period
ending 6 to 8 months prior to month of reference.
JRevisions for Aug. 1959-July 1960 are available upon request.
^Includes Boston, Philadelphia, Chicago, Detroit, San Francisco, and Los Angeles.
*New series. For data prior to Aug. 1960, see Federal Reserve Bulletins.
9 Includes data not shown separately.
37.4
SURVEY OF CURRENT BUSINESS
November 1961
1959
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1S61
edition of BUSINESS STATISTICS
1960
1960
End of year
S-17
Sept.
Oct.
1961
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
FINANCE—Continued
BANKING— Continued
All member banks of Federal Reserve System,
averages of daily figures:
Excess reserves
- --- __mil. $
Borrowings from Federal Reserve banks. _ -do
Free reserves
-do
1482
1906
-424
1
1769
187
682
1
549
96
453
612
63
549
581
51
530
604
67
537
'590
37
r
553
505
65
440
62, 550
62, 120
62, 156
62 381
61,855
62, 166
63, 423
88 056
64, 168
5,490
2,982
10 805
88 255
63, 750
4, 932
3,834
10 925
89 4?7
64, 044
5 107
4, 086
11 201
86 379 90, 354
62, 935 64, 480
4,847 ' 4, 693
5, 533
3, 568
10 586 11, 022
639
225
414
638
149
489
756
142
614
769
87
682
745
49
696
654
137
517
546
70
476
618
56
562
Weekly reporting member banks of Federal Reserve
System, condition, Wed. nearest end of year
or month :f
Deposits:
Demand adjusted cf
mil. $
Demand total 9
Individuals, partnerships, and corp
States and political subdivisions
U.S. Government __
_
_
Domestic commercial banks
do
do.
do
do _
do
92 330
93 215
87 977
90 573
90 121
93 215
89 690
89 860
86 044
4, 866
3,163
4 747
3, 979
4,683
5,551
4,998
4,445
4,914
3, 537
4, 747
3,979
5, 138
3,105
5 065
3,838
4. 836
2, 865
88 229
63. 869
5, 572
2,854
11 090
Time, total 9
Individuals, partnerships, and corp.:
Savings
Other time
do
32, 507
35 386
34 334
34 710
34 702
35 386
36 610
36 928
37 498
38 538
39 191
39 712
40 304
40, 660
41,007
41,209
27 902
5 699
28 202
5 939
28 627
6 102
28 862
6 389
29, 030
6 415
29, 244
6,512
29, 621
6, 406
70, 153
31 905
3, 883
4 960
12 770
19 456
69, 913
31 4(50
3 873
5 057
12 855
19 527
70, 171
31 769
3,888
5 0?5
12 896
19 389
70, 072
31 499
4 100
5 066
12 956
19 606
69, 551 70, 990
31, 476 231,794
3,615
4, 066
5, 044
5, 486
13, 055 13, 135
19, 408 19, 682
71,843
32, 085
4, 535
5, 358
13,245
19,622
41
30
25
10
42 234
31 397
25 644
10' 837
42 935
31*976
25 667
10 959
44
33
26
11
44, 750
33, 464
26,311
11, 286
45, 624
34, 087
26, 833
11,537
do
do
Loans (adjusted), totaled - _ _ _
Commercial and industrial
For purchasing or carrying securities
To nonbank financial institutions
Real estate loans
__
Other loans
__ do _
do
do
do
do _
do
68, 874
30, 665
3,932
71, 009
32 156
3, 945
69, 552
31 744
3,377
69, 640
31 861
3, 571
69, 278
31 972
3, 150
71.009
32 156
3,945
69, 626
31 294
3, 568
69, 787
31 531
3 519
69, 638
32 203
3, 104
12, 975
12, 824
12, 874
12 840
12, 844
12, 824
12 787
12 766
12 727
Investments, total
U.S. Government obligations, total
Notes and bonds
Other securities-.-
do
do
do
do
37, 817
27, 856
24, 494
9,961
40 754
30, 547
24 944
10 207
37 982
28, 180
23 964
9 802
39
29
24
9
39 390
29, 690
24 826
9 700
40 754
30, 547
24 944
10 207
41
31
24
10
41
30
25
10
40
29
25
10
Money and interest rates :§
Bank rates on business loans:
In 19 cities _
_ percent
New York City
do _
7 other northern and eastern cities
do
11 southern and western cities _ _ _ _ _ _ do
3
3
3
3
Discount rate, end of year or month (N.Y.F.R.
Bank)
percent
Federal intermediate credit bank loans
do
Federal land bank loans _ _
do
4
4
Open market rates, New York City:
Bankers' acceptances (prime, 90 days) _ _ .do
Commercial paper (prime, 4-6 months) _ _ do
Finance Co. paper placed directly, 3-6 months
percent- Stock Exchange call loans, going rate _ do
Yield on U.S. Government securities (taxable):
3-month bills (rate on new issue)
percent- _
3-5 year issues
do
4
4
4
4
4
3
3
3
3
5. 00
4. 83
5. 02
5.23
4 00
4. 64
5. 50
4
4
504
687
150
817
361
086
994
275
187
635
863
552
377
519
578
858
453
590
452
863
851
790
378
061
46, 114
34, 414
26, 149
11, 700
92 658
66, 407
5, 027
4,071
12,008
4.99
4.75
5. 05
5.26
5. 20
4. 97
5 15
5.45
4 97
4.74
4 96
5.32
3 00
5. 05
6 00
3 00
4. 55
6 00
3 00
4,43
6 00
3 00
4.34
6 00
3 00
4.21
6 00
3 00
4. 05
5. 7(5
3 00
4.01
5 75
3 00
3. 99
5 74
3 00
3.99
5 60
3 00
4.00
5 60
3 00
4'. oo
5 60
3 00
3.99
5 60
3.00
3.97
5.60
3 00
3.98
5.60
3.00
3.98
5.60
4 99
4.77
4 97
5.33
4
4
4
5
97
75
96
29
4
4
4
5
97
75
95
31
3. 49
3. 97
4
4
3. 51
3. 85
3.00
3.39
3.00
3.30
3.00
3.28
2 92
3^23
2.86
2.98
2.78
3.03
2.94
3.03
2.84
2.91
2.68
2.76
2. 75
2.91
2.75
2.72
2.81
2.92
2.84
3.05
2.75
3.00
3.82
4. 22
4
4
3. 54
4. 99
3.13
4 50
3.11
4 50
2.91
4. 50
2.97
4 50
2.78
4 50
2.65
4 50
2.76
4 50
2.58
4 50
2.50
4 50
2.66
4 50
2.50
4 50
2.64
4.50
2.08
4 50
2.79
4.50
2. 928
4 3 99
2.489
3 50
2. 426
3 61
2. 384
3 68
3 51
2. 302
3 ^3
2. 408
3 54
2.420
3 43
2. 327
3 39
2.288
3 28
2. 359
3 70
2. 268
3 69
2.402
3 80
2. 304
3 77
2.349
3 64
21 , 400
770
21, 063
798
21,051
788
21,135
779
21, 400
770
21, 438
760
21, 500
749
21 , 720
739
21,610
720
21,652
711
21,845
700
21,832
691
21,857
681
22. 048
673
3. 405
4 33
4
Savings deposits, balance to credit of depositors:
New York State savings banks, end of year
or month
mil. $__ 20, 651
U.S. postal savings 1
_ __
do
948
4
~666~
CONSUMER CREDIT
(Short- and Intermediate- term)
Total outstanding, end of year or month
mil. $
52, 119
56, 049
54, 265
54, 344
54, 626
56, 049
55 021
54 102
53 906
53 972
54 390
54 786
54 687
54 889
54, 869
do
39, 852
43, 281
42,517
42, 591
42, 703
43, 281
42, 782
42 264
42 058
41 988
42 127
42 441
42 457
42 636
42, 554
Automobile paper. _
Other consumer eroods paper. _ _ _ _ _ _
Repair and modernization loans
Personal loans __ _ _ _
_
do
do
do
do
16, 549
10, 476
2,784
10, 043
17, 866
11,215
3,008
11,192
18, 021
10, 543
3,001
10, 952
1 7, 992 17, 967
10, 625 10,715
3,013 3,020
10 961 11,001
17 866
11,215
3, 008
11. 192
17 611
11,050
2. 967
11 154
17 383
10 793
2, 935
11 153
17 265
10, 679
2,922
11 192
17 200
10, 585
2,922
11 281
17 242
10, 602
2,943
11 340
17 358
10, 666
2, 958
11 459
17 358
10 636
2, 964
11 499
17 350
10 682
2, 995
11 609
17, 179
10, 706
3, 008
11 661
By type of holder:
Financial institutions, total
Commercial banks _
Sales finance companies
Credit unions _
Consumer finance companies
Other
do
do
do
do
do
do
34,176
1 5, 227
10 145
3 280
3,774
1,750
37, 502
16 398
11 134
3 906
4 212
1 852
37, 318
16 416
11 154
3 795
4 111
1 842
37, 330 37, 368
16 408 16 402
11 147 11 141
3 833 3 870
4 107
4 097
1 845 1 «48
37. 502
16 398
11 134
3 %6
4 212
1 852
38 186
1 7 261
11 030
3 860
4 179
1 856
37 790 37 54?
17 001 16 860
10 914 10 787
3 863 3 897
4 151
4 131
1 861 1 867
do
do
do
do
do
5,676
2, 292
1,225
481
1.678
5,779
2 401
1,189
513
1 676
5,199
2 049
1,129
519
1,502
5 261
2 103
1 130
518
1 510
5 335
2 155
1 140
517
1 523
5 779
2 401
1 189
513
1 676
4 596
1 342
1 151
504
1 599
4 474
1 348
1 1?1
497
1 508
4 516
1 442
1 092
491
1 491
4 554
1 527
1 077
488
1 462
4 665
1 634
1 071
488
1 472
4 778
1 732
1 076
490
1 480
4 819
1 794
1 067
490
1 468
4 goo
1 880
1 076
488
1 462
4 992
1 974
1 084
482
1 452
Installment credit, total
_ _ __
Retail outlets, total
Department stores
Furniture stores
Automobile dealers
Other
_ _ __
Non installment credit, total
_
37 434 37 462
16 776 16 776
If/ 733 '0 6%
3 937
3 991
4 133
4 133
1 855 1 866
37 663 37 638 37 730 37, 562
16 804 16 757 16 755 16 604
10 690
10 768/l 10 750 10 730
4 194
4 07
4 110
4 171
4 i,5i
4 181
4 165
4 193
1 866 1 856 1 881 1 893
do
12, 267
12 768
11 748
11 753
11 923
12 768
12 239
11 838
11 848
11 984
12 263
12 345
12 230
12 253
12 315
Single-payment loans, total
Commercial banks
Other financial institutions. _
do
do
do
4,144
3,582
562
4 311
3,737
574
4 317
3,715
602
4 272
3 692
580
4 301
3 711
590
4 311
3 737
574
4 314
3 740
574
4 381
3 789
592
4 417
3 793
624
4 402
3 842
560
4 524
3 904
620
4 547
3 970
577
4 523
3 982
541
4 556
3 958
598
4 614
3 986
628
Charge accounts, total _ _ _
Department stores
Other retail outlets
Credit cards
do
do
do
do
5,104
958
3 753
393
5 187
941
3 801
445
4 283
625
3 199
459
4 370
661
3 266
443
4 463
709
3 326
'428
5 187
941
3 801
445
4 599
805
3 346
448
4 037
669
2 926
442
4 004
637
2 926
441
4 096
631
3 035
430
4 274
634
3 210
430
4 349
694
3 286
439
4 272
574
3 240
458
4 288
589
3 211
488
4 303
623
3 195
485
do_ .. 3, 019
3,270
3,148
3,111
3,159
Revised.
v Preliminary.
1 Average for Dec.
2 Effective Sept. 1961, data for
several categories have been revised to reflect reclassification of 3loans; this change reduced
commercial
and industrial loans in Sept. by a net of $146 mil.
Quarterly average.
4
average.
t Re vised to reflect new coverage and revised classification of
DigitizedMonthly
for FRASER
deposits (for details, see the June and July 1961 issues of Federal Reserve Bulletin).
http://fraser.stlouisfed.org/
cf For demand deposits, the term "adjusted" denotes demand deposits other than do-
3,270
Service credit.
r
Federal Reserve Bank of St. Louis
3,398
3,326
3.420
3,427
3.486
3.465
3.449
3.435
3. 409
mestic commercial interbank and U.S. Government, less cash items in process of collection;
for loans, exclusive of loans to domestic commercial banks and after deduction of valuation
reserves (individual loan items are shown gross; i.e., before deduction of valuation reserves).
9 Includes data not shown separately.
§For bond yields, see p. S-20.
HData are as of end of consecutive 4-week periods ending in month indicated, except
June figure which is as of June 30 (end of fiscal year).
SURVEY OF CUERENT BUSINESS
S-18
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1959
1960
Monthly
average
November 1961
1961
1960
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
FINANCE—Continued
CONSUMER CREDIT— Continued
Installment credit extended and repaid:
Unadjusted:
Extended total
Automobile paper
Other consumer goods paper
All other
Repaid, total
_
Automobile paper
Other consumer goods paper
All other
Adjusted:
Extended, total
Automobile paper
Other consumer goods paper
All other
Repaid, total
Automobile paper
Other consumer goods paper
All other
mil $
do
do
do
do
do
_ do
do
do
do
do
do
do
_ do
do
do
4 087
1.495
1 153
1,439
3,617
1,308
1,026
1,284
4 195
1,487
1 185
1, 523
3,909
1, 377
1, 124
1,409
4 010
1,372
1 173
1,465
3,871
1,371
1,107
1.393
4,012
1,407
1,207
1, 398
3,938
1,436
1, 125
1,377
4 067
1,364
1 217
1,486
3,955
1.3S9
1,127
1,439
4 641
1,248
1 654
1,739
4,063
1,349
1,154
1 560
3 473
1,130
1 012
1, 331
3, 972
1, 385
1, 177
1,410
3,241
1,051
888
1,302
3, 759
1,279
1,145
1,335
3 995
1, 330
1 125
1,540
4,201
1,448
1,239
1,514
3 765
1,247
1 053
1,465
3.835
1 312
1,147
1 376
4 280
1, 461
1 219
1 600
4,141
1 419
1,202
1 520
4 402
1, 525
1 214
1,663
4,088
1,409
1, 150
1 529
3 976
1 383
1 095
1,498
3,960
1 383
1, 125
1 452
4 319
1 412
1 216
1 691
4, 140
1 420
1,170
1 550
3,860
1.178
1,209
1,473
3,942
1,349
1,185
1,408
4, 125
1 422
1, 162
1 541
3, 958
1,375
1,141
1 442
4,108
1, 460
1,165
1,483
3,994
1,417
1, 147
1, 430
4, 134
1 482
1, 159
1 493
3, 946
1.397
1. 119
1 430
4 007
1 39.5
1,200
1 482
3 931
1.356
1 156
1 419
3 869
1 239
1, 185
1 445
3 972
1,387
1 154
1 431
3,803
1 190
1, 131
1 482
4.011
1,363
1,191
1 457
4, 002
1 288
1,212
1 50^
3 954
1, 353
1 163
1 438
3 883
1 243
1 145
1 495
4 022
1, 388
1 186
1 448
4 001
1 315
1 158
1 528
3 974
1 365
1 148
1 461
4 116
1 347
1,190
1 579
4 016
1,386
1 137
1 4Q3
3 Q61
1 301
1 172
1 488
4 035
1 403
1 159
1 473
4 081
1 297
1 166
1 618
4 055
1,384
1 152
1 519
4,010
1,239
1, 198
1 573
4, 085
1,374
1 230
1 481
8, 403
8, 674
—971
5, 586
8 586
7,275
7.984
603 — 1 689
8,916
7,867
1 049
6 295
10, 256
S, 292
8, 260
1 996 — 1 997
9 731
9,462
269
9, 357
12, 367
3 793
9, 446
7 902 10,552
2 921 —4 109 —1 195
10,218
8,248
1 970
FEDERAL GOVERNMENT FINANCE
Net cash transactions with the public: cf*
3, 651
7,296
8, 191 10, 146
Receipts from
mil $
7,879
7, 748
7, 963
7, 891
Payment? to
_
__ do
299
1 398 —4 228
Excess of receipts or payments ( — )
do
— 667
Seasonally adjusted quarterly totals:
25, 100
Receipts
do
23, 600
Payments
do
1, 500
Excess of receipts, or payments ( — )
do
Budget receipts and expenditures:
3,641
8, 333 10,211
7 470
Receipts total
do
2, 823
8 981
6 626
6 062
Receipts net 1
do
92
89
87
91
Customs
do
1, 296
4 486
3 838
Individual income taxe^
do
3 569
3. 492
481
1, 891
1 6S7
Corporation income taxes
do
777
792
389
1 008
Emplovment taxes
do
1 , 354
1,383
1.506
1 348
Other internal revenue and receipt5*
do
6, 793
6 648
6.464
6.829
Expenditures total f
do
748
773
736
699
Interest on public debt
do
422
416
429
424
Veterans' services and benefits
do
3 808
3 910
3, 728
3 858
Major national securitv
do
1,934
1,510
1,74-6
1,712
All other expenditures
do
Public debt and guaranteed obligations:
1
Gross debt (direct), end of mo., total
bil. $__ 1'290.80 290. 22 288. 42 290. 49
285. 36 287. 37
287. 70 '286.82
Interest bearing, total
do
1
1
244. 20 242. 47 240. 38 243.10
Public issues
do
1
1
10. 67
10. 49
10. 10 1 10. 64
riel'l bv U S Govt investment accts do
1
44. 28
44. 98
44. 35
43 51
Special issues
do
1
3.12
3.06
3.40
Noninterest bearing
_
do
!3.09
Guaranteed obligations not owned by U.S. Treas1
1
.16
. 16
16
uary end of month
bil $
13
U.S. savings bonds:
1
47. 60
47. 58
48 65 1 47. 53
Amount outstanding, end of month
do
.34
.35
.36
.36
Sales, series E and 11
do__
.41
.45
.56
73
Redemptions
do
24, 900
26, 600
— 1, 700
22, 500
24, 900
—2, 300
24 800
24, 200
600
7, 900
6 300
9!
4 648
455
1 295
1,411
6,773
734
436
3 884
1,727
8 751
7 643
80
o 974
3 331
596
1 770
6 847
765
438
4 217
1 638
5 537
4 846
82
3 198
534
348
1 375
6 470
775
444
3 693
1,612
9, 1 53
6 537
70
5 567
444
1 814
1, 258
6,236
719
431
3 778
1,344
11 878
8 524
88
3 171
5 799
1 348
1 472
7 012
726
480
4 279
1, 528
7 359
5 125
73
4 319
493
736
1 738
6 450
722
443
3 754
1 532
290. 41
287. 14
242. 58
10. 75
44. 56
3.28
290. 22
286. 82
242. 47
10. 64
44 35
3.40
290. 04
286. 65
242. 83
10. 66
43. 82
3.38
290. 54
287. 19
243. 46
10. 68
43. 73
3.35
287. 47
284. 06
240. 06
10. 79
44 00
3.41
287. 99
284 63
241. 62
10 86
43 01
3 36
9 767 Pl2 642
6 467 p l O 749
* 84
85
5 699 P 4 387
411 p 5 246
2 0°0 p 1 173
1 551 p 1 752
7 169 v j 94^
P 7f$
717
P 446
441
4 144 p 4 568
l' 874 ^ 2 411
290. 15
286 84
242. 34
10 93
44 50
3.30
288.
285
240.
10
45
3
97
67
63
96
04
30
25, 200
26, 100
—900
3 779
2 982
91
1 480
520
306
1 382
6 322
765
422
3 453
l' 742
292.
289
244.
10
44
3
40
00
80
93
20
41
8 713 10 285
6 367
8 945
98
90
4 814
4 679
' 382 3 251
1 821
884
1 597
1 380
7 631
6 771
730
727
471
4 046
2 434
293. 71
290. 66
245. 09
10.81
45 57
3.06
293. 75
290 77
245. 77
295. 66
292. 71
248. 82
45 01
2 98
43.89
2.95
. 15
16
16
20
21
T>
23
24
24
25
27
.30
47. 63
.33
.40
47 53
.35
. 58
47. 55
.46
. 56
47.62
. 42
.45
47 67
.43
.49
47 68
.35
.43
47 71
.37
44
47 75
.37
46
47 81
.34
42
1787
.39
44
47 39
!34
47.95
.37
.41
118.54
119 07
119 72
120 47
120 95
121 47
121 92
122 46
122 86
123 38
123 90
124 41
58.40
6.52
3. 58
15.88
3.75
25.00
58. 62
6. 55
3 60
15.92
3 75
25 11
58
6
3
15
3
25
68
44
62
94
73
22
59. 09
6. 54
3 67
15.97
3 71
25 42
59.24
6.54
3 70
15. 98
3 71
25 48
59. 36
6 54
3 74
15.96
3 72
25 56
59
6
3
15
3
25
3.94
1.87
2.02
41.31
38.36
3.83
5. 18
1.27
4.61
3.98
1 88
2. 05
41 52
38.55
3.85
5 22
1.23
4 64
4 05
1 90
2. 10
41 80
38 80
3.80
5 27
1 33
4 78
4 10
1 91
2.13
42 01
39.02
3.81
5 30
1.28
4 88
4 15
1 94
2. 16
42 14
39. 15
3.82
5 34
1.27
4 98
4 24
1 94
2.23
42 35
39 35
4 34
2 02
2 25
42 72
39 67
3 84
5 51
1 30
5 02
4 34
2 04
2 24
42 90
39 83
3 86
5 55
1 27
5 07
4
2
2
43
39
5 41
1.22
5 07
4 25
1 96
2 23
42 55
39 52
3 83
5 46
1 23
5 06
6,230
1,289
587
4, 354
6,829
1 711
550
4,568
7,255
1 870
480
4,905
5,187
1 157
501
3, 529
5, 458
944
544
3,970
9,012
3 656
634
4, 722
6,297
1 250
592
4,455
6,595
1 154
677
4 764
6, 255
1 141
628
4,486
6,125
1 312
589
4 224
626.1
258.4
52.8
10.3
58.8
132.9
112.9
660.7
283.1
57.5
10.1
59.3
135.0
115.7
853.7
295. 7
58.4
11.5
56. 1
147.2
284. 8
711.2
304. 2
62.9
11.9
81.2
138. 5
112.5
683.2
292. 2
56.5
10.2
61.9
139.8
122.6
796.7
325 2
64.1
11.5
65 6
165.6
164.7
42
LIFE INSURANCE
Institute of Life Insurance:
Assets, total, all U.S. life insurance companies
bil $ 1-113 65 U19 58 117.95
Bonds (book value), domestic and foreign,
1
58. 16
56 69 1 158. 56
total
bil $
1
6.43
6.59
6 87
U S Government
do
1
3.55
3 20 1 1 3 59
State county municipal (U S )
do
1
15.87
15.
95
15
73
Public utility (U S )
do
1
1
3.76
3
64
3
74
Railroad ( U S )
do
i 23 98 1 25 45
24 74
Industrial and miscellaneous (U S )
do
Stocks (book value), domestic and foreign, total
1
1
3.88
4 98
bil $
4 56
1
1
1 84
1 79
1 60
Preferred ( U S )
do
1
2.00
2 90 *3. 12
Common ( U S )
do
77
41.
10
*39 20 *41
IVIortgage loans total
do
N"onfarm
do
38. 15
*36 37 1 38. 79
3.83
76
*3.65 *3.
Real estate
do
1
5.14
5 23
M
62
Policy loans and premium notes
do
1
1.18
1 31 11 1.33
Cash
do
3 94
4 66
* 3 63
Other assets
do
Life Insurance Agency Management Association:
Insurance written (new paid-for insurance) :
5,725
6, 201
5, 925
Value, estimated total
mil. $_
1 091
1 279
1 092
Group and wholesale
do
572
573
567
Industrial
do
4,262
4, 349
4,067
Ordinary
do
Institute of Life Insurance:
Payments 10 policyholders and beneficiaries in
633.3
676.5
U S , total
„
mil. $
627.6
260.9
278. 8
259.1
Death benefits
do
50.9
52.7
56.1
Matured endowments
_.
do
10.3
9.6
9.9
Disability payments
do _
56.5
60.2
54.7
Annuity payments
do
136.1
125.9
Surrender values
_ _
_ _ _ _ d o _ _ 124. 5
129.5
135.0
126.8
Policv dividends
_ do
r
1
Revised.
p Preliminary.
End of year.
<?Other than borrowing.
*New series (compiled by U.S. Treasury Dept. and Bu. of the Budget).
54
49
77
98
71
67
59
6
3
15
3
25
74
55
77
99
70
76
59
6
3
16
3
25
S6
40
78
03
69
97
60.22
6 44
3 79
16 05
3 68
26 19
38
05
26
05
96
5 54
1 30
5 02
60
6
3
16
3
r
26
44
44
82
12
68
30
60
6
3
16
3
26
59
39
85
14
67
45
4
2
2
43
40
3
5
1
5
42
06
28
22
10
90
58
29
06
4
2
2
43
40
3
5
1
5
47
07
33
38
25
92
69
30
14
6,347
1 405
585
4,357
5,866
1 158
578
4 130
673.4
287 2
52 8
10.4
59 9
132 0
131.1
t Data for net receipts and total expenditures reflect exclusion of certain interfund transactions.
681.7
272 6
56.4
10.8
61.0
154. 0
126.9
741.6
316 8
60.6
11. 1
62 9
161.4
128. 8
739.2
307 5
59.2
11.7
63 8
149.7
147.3
653. 6
261 9
52 9
9.9
65 7
144.5
118.7
728
313
56
11
63
151
132.
5
7
4
4
1
5
4
SURVEY OF CURRENT BUSINESS
November 1961
1959
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
S-19
1960
1960
Monthly
average
Sept.
Oct.
1961
Nov.
Dec.
Jan.
Mar.
Feb.
Apr.
May
June
July
Aug.
Sept.
Oct.
FINANCE—Continued
LIFE INSURANCE— Continued
Life Insurance Association of America:
Premium income (39 cos ) qtrly total
\ccident and. health
Annuities
Group
Industrial
Ordinary
mil $
do
do
do
do
do
1
1
? 812
i 4Q4
i 318
i 319
1
219
1 462
i 2 916
i 557
1
274
1
343
1
201
1
1, 541
2 816
552
257
357
170
1,480
2 934
595
247
349
160
1,585
2 942
570
271
351
169
1,580
3 252
613
329
348
287
1,675
MONETARY STATISTICS
Gold and silver:
Gold:
Monetary stock, U.S. (end of year or month)
mil. $_. 2 19, 456 2 17, 767
— 110
— 165
Net release from earmark §
do
161
137
Exports
thous. $
27,
919
Imports.
do
25. 365
88 600
Production reported monthly total 9
do
63 900
Africa
do
Canada
do
13 100
United States
do
4 800
Silver:
Exports
do
828
Imports ._ _ _ _
do
5, 229
. 912
Price at New York
dol. per fine oz_Produetion:
2,660
Canada
-thous. fine oz_
3 673
Mexico
do
United States.
. _
do
1,930
Money supply (end of yr., mo., or last Wed.):
Currency in circulation.. . _ _
bil. $
2
32. 6
2
Deposits and currency, total
do
256. 0
22 3 . 2
Foreign banks deposits, net _ _
. _ _ do
62
U S Government balances
do
Deposits (adj.) and currency, total f
do
Demand deposits, adjusted f
do
Time deposits, adjusted f
do
Currency outside banks
do
Turnover of demand deposits except interbank and
U.S. Govt., annual rates, seas, adjusted:
New York Citv
ratio of debits to deposits
6 other centers cf
-do
337 other reporting centers
do
2 246. 6
2 115.4
2 2101.8
29 4
18, 685 18, 402
-319
-397
167
270
5,376 125, 558
600 3 93, 100 3 92, 600
66 600 '67 700 3 67 500
13 400 12 900 14 100
5,000
4,400
4,000
3
91,
3
17, 910
-512
172
19, 556
3
92,
3
17,767
-145
123
3,397
000
67 500
13 700
4,300
3
90, 700
3
66 400
13 800
3,900
17, 441
-322
22, 463
2,779
17, 373 17, 388
3
161
49, 138 140,284
2,209
3,091
900
67 900
13 200
3,200
3
88. 400
c3
3
90,
3
66 700
12, 600
2,900
3
17, 390 17, 403
152
92
89, 673 133, 075
1,659
1,704
17, 550
254
98,118
1,857
17, 527
-3
193
2,399
17, 451 ' 17, 376
23
4
42, 118 63 065
9,246
4,949
70 100
13, 700
3,700
13, 100
3,200
13, 400
3,300
12,800
3,800
12,600
3,800
12, 500
3,800
17, 301
2, 149
4, 786
.914
1,801
5, 864
.914
1 , 754
3, 999
.914
3, 093
3,039
.914
3, 667
4,638
.914
4 673
4,105
.914
3,188
3, 658
.914
4,670
4, 502
.914
4, 503
4,580
.914
1,841
3, 363
.914
749
3,648
.914
2,832
3, 552
.914
992
3,585
.914
2,813
3 710
3,345
2,468
3 622
2^415
2,878
3 500
2,918
3, 086
3 521
3, 405
3,483
4 117
4, 111
2,515
4 280
3, 325
2,524
3 460
3,190
2,876
3 590
3,285
2,424
3 250
3,974
2,473
4 020
3, 580
2,902
3, 540
3,834
' 2, 390
3 IfiO
2,840
2, 223
2,891
3 737
2
32. 9
2 263.
2
2
3.2
27 i
32.0
255. 1
2.9
8.7
32.1
257. 5
3.1
7 1
32.6
257. 0
3. 1
6 5
32.9
263. 2
3 2
7 1
31.8
259.2
3.1
4 5
31.8
259. 5
3.1
6.9
31.9
258.9
3.3
5.3
31.8
260. 6
3.2
3 2
32.2
32.4
32.5
261. 7 ' 265. 6 267.2
'r 1.2
1.1
1.3
5.9
7.4
' 6.7
32.6
266. 4
1.3
r
65
32 7
271.0
14
89
272.4
13
6 7
2
2
2
252. 9
115. 1
108. 5
2
29 4
243.6
109.3
106.0
28.3
247. 2
112.2
106.7
28.3
247.3
111.9
106.7
28 7
252.9
115.1
108.5
29.4
251. 6
114.7
109.0
28 0
249.5
110.6
110.7
28.2
250. 2
110.3
111.9
28.0
254.2
113.6
112.7
27 9
258. 5
111.5
28 5
260. 8
112.8
119.5
28 5
264. 5
115.7
120. 1
28 7
60 0
34 8
25 7
68 5
35.8
26 0
60 0
34.9
25 5
63 5
35 8
26 2
57 8
34 3
25 1
63 0
36 5
25 7
63 7
35.8
25 7
67 1
35.4
26 1
68 0
36 9
25 6
70 6
36 7
?6 2
73 4
38 1
26 7
74 2
37 3
26 3
76 1
p38 1
*>26 9
3,1 800
306
i 82
3, 612
349
SO
3,513
309
70
2, 900
262
36
3,965
340
(50
1
26
147
503
719
143
123
236
34
144
504
738
177
116
132
2
141
441
832
117
95
150
-4
121
421
783
44
104
103
43
151
566
712
165
137
229
101
246
256
131
226
250
55
185
239
47
191
206
138
309
934
1
56
419
435
50
191
487
35
416
426
61
254
269
79
429
376
56 4
32 5
24 5
r
' 254. 7 ' 256. 9 r 259. 1
110.6 ' 110.3
113.0
»• 115. 7 •• r117.3 r r117.7
29.4
28.4
28 4
74 6
38 0
26 9
70 6
37. 7
26 6
r
118.
6
3 397
2, 625
.914
.914
PROFITS AND DIVIDENDS (QTRLY.)
Manufacturing corps. (Fed. Trade and SEC):
Net profit alter taxes, all industries - .. mil. $
Food and kindred products
do
Textile mill products__
- _ do _ _ _
Lumber and wood products (except furniture)
mil. $
Paper and allied products
do
Chemicals and allied products.
__do_
Petroleum refining
_
do
Stone, clay, and glass products. _ _ _ ..do . .
Primary n on ferrous mctaL. _ _ . _ _ _ .do. ....
Primary iron and steel
- - . -._. do
Fabricated metal products (except ordnance,
machinery, and transport, equip.).
mil. $
Machinery (except electrical)
do . . . _
Elec. machinery, equip., and supplies.
do _ .
Transportation equipment (except motor
vehicles, etc.)
._ .
.
mil. $
Motor vehicles and parts
do
All other manufacturing industries
do
Dividends paid (cash), all industries
do
Electric utilities, profits after taxes (Federal Reserve)
mil $
Transportation and communications (see pp. S-23
and S-24).
1
4! 085
313
1
104
1
1
67
i 155
535
656
171
i 135
1
260
1
1
1
1
1
1
1
1
1
1
1
1
1
1
71
1
418
1
1
1
i 137
i 308
301
455
1
1,977
1
2, 070
1 , 953
2 30''
2 UU8
2 ('05
414
i 44q
418
459
523
447
2, 590
2, 295
] , 808
1,814
1, 986
1,947
1. 774
5,455
2,161
3,393
4, 432
3 494
1,824
2, 046
2, 376
599
169
44
2,122
673
139
34
1,680
619
91
37
1,664
778
105
45
1,852
875
118
16
1,816
764
86
45
1,645
472
99
30
5, 288
529
130
37
2, 007
542
125
29
2,223
1 061
1 111
60
4 112
1 021
228
92
3 210
1 495
244
40
1 566
748
238
20
1 875
697
812
173
13
271
14
60
154
846
179
20
238
18
87
210
747
169
5
307
16
96
74
928
196
9
215
8
256
150
1,009
283
14
320
3
27
245
895
218
22
183
11
101
249
601
173
15
140
28
21
149
695
106
28
163
17
41
228
696
286
17
85
23
90
97
2 231
602
10
278
10
1 045
191
1 342
481
34
461
14
98
118
1 779
' 585
11
408
13
270
243
1 006
436
27
270
5
5
195
798
299
12
252
13
10
133
1,777
1,027
640
1,449
659
602
1,062
338
682
886
345
343
976
326
496
1,052
348
490
1,173
455
706
4, 760
4 069
660
1 465
434
756
1,161
348
710
3 091
2 244
'625
1 715
369
1, 035
818
342
463
1 248
392
603
1
SECURITIES ISSUED
Securities and Exchange Commission:
Estimated gross proceeds, total- .__
_.rml. $__
By type of security:
Bonds and notes, total
- .. _ _ do....
Corporate
. _ _
do
Common stock
_
do
Preferred stock .__ _
_
... _ do
By type of issuer:
Corporate, totalO- - - --do .
Manufacturing
do
Extractive (mining)
__
do
Public utility. _
_ _.
. _ do.__
Railroad
___
. do
Communication
. . . __ d o
Financial and real estate
do_ __
Noncorporate, total©--U.S. Government _
State and municipal
do
.. _ _..do
. . -do
2
*3 Revised.
v Preliminary.
i Quarterly average.
End of year.
Excludes Republic of the Congo. c Corrected.
§ Or increase in earmarked gold (—).
9 Includes data for the following countries not shown separately: Mexico; Brazil; Colombia; Nicaragua; Australia; and India.
19Q
42
fThe term "adjusted" denotes exclusion of interbank and U.S. Government deposits;
for demand deposits, also exclusion of cash items reported as in process of collection.
^Includes Boston, Philadelphia, Chicago, Detroit, San Francisco, and Los Angeles.
©Includes data not shown separately.
SUEVEY OF CURRENT BUSINESS
S-20
1960
1960
1959
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
Monthly
average
November 1961
Sept.
Oct.
1961
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
FINANCE—Continued
SECURITIES ISSUED— Continued
Securities and Exchange Commission— Continued
New corporate security issues:
Estimated net proceeds total
mil $
Proposed uses of proceeds:
New money total
do
Plant and equipment
do
Working capital
do
Retirement of securities
do
Other purposes
do
State and municipal issues (Bond Buyer) :
Long-term
__ _
do
Short-term
do
704
827
731
910
988
879
590
682
679
2,203
1,314
1,744
980
111
715
507
208
11
68
730
472
258
23
75
671
541
130
5
55
830
627
204
20
60
805
466
339
32
152
749
496
253
27
103
552
359
192
10
28
612
304
30S
14
56
484
289
195
118
77
2,055
1,090
1,780
275
85
63
834
256
55
169
1,127
795
556
239
162
633
421
212
39
1C6
640
348
602
334
682
199
343
254
496
499
490
279
706
334
660
496
756
397
710
201
625
382
1,035
463
297
603
665
r699
1375
31 430
996
2, 583
1390
3,317
i 1, 135
i 2, 275
356
3,259
377
3,243
380
3,240
390
413
3,330
436
418
4.037
2,320
2,734
2,730
89 36
89 45
83 27
91.42
91 56
81.81
93.09
93.27
759
368
426
191
279
'351
577
110
SECURITY MARKETS
Brokers' Balances (N.Y.S.E. Members Carrying
Margin Accounts)
Cash on hand and in banks
Customers' debit balances (net)
Customers' free credit balances (net)
Money borrowed
_ _
mil$
do
do
do_
1
1
Bonds
Prices:
Average price of all listed bonds (N.Y.S.E.),
total §
_
dollars
Domestic
do
Foreign - _ _ _ _
_
do
Standard & Poor's Corporation:
Industrial, utility, and railroad (A1+ issues):
Composite (21 bonds) cf—-dol. per $100 bond..
Domestic municipal (15 bonds)
do
U.S. Treasury bonds, taxable f
_ do_
Sales:
Total, excl. U.S. Government bonds (SEC):
All registered exchanges:
Market value
mil $
Face value __ _
_ _
do
New York Stock Exchange:
Market value
_
do.
Face value
do
New York Stock Exchange, exclusive of stopped
sales face value total §
mil $
Domestic
_
_
do
Foreign
do
Value, issues listed on N.Y.S.E., end of month:
JVlarket value total all issues §
bil $
Domestic
do
Foreign
do
Face value, total, all issues §
Domestic
_
Foreign
Yields:
Domestic corporate (Moody's)
By ratings:
Aaa
Aa
_
A
Baa
By groups:
Industrial _
Public utility
Railroad
_ _ ___
Domestic municipal:
Bond Buyer (20 bonds)
Standard & Poor's Corp. (15 bonds)
U.S. Treasury bonds, taxable©
1
1,059
81.19
2,300
1, 062
2,268
3,317
1, 135
2,275
2,038
92.82
92.99
91.70
91.87
93.21
92.96
82.12
93.10
82.61
1,063
81.48
80.64
93.38
1,269
453
3, 656
1,507
1, 997
433
453
3, 986
1,508
2, 351
4,100
1,453
4,076
2,587
1, 283
2,815
92.50
93.71
93.84
93.98
83.38
93.72
93.87
83.26
92.73
92.87
82.65
92. 60
84.00
93.85
83.39
4,021
1,208
92.77
92.47
92. 92
82.27
92.61
82.58
1,227
92.97
93. 12
82.57
87.23
87.84
87.70
88.74
89.07
88.80
96.0
109.0
87.50
89.74
95.0
106. 8
87. 83
87.57
86.27
86.09
157 66
133. 92
134. 52
107.19
122.20
142. 97
152. 46
151.32
181.22
171.06
247. 68
222. 73
184. 05
163. 40
172.93
167. 31
151. 26
143. 98
144. 16
146. 55
176.24
109. 02
117.72
118.67
1 15. 57
151.34
162. 53
137. 47
133. 89
155. 34
148 59
131.65
104.22
106.04
115.82
116.62
113.60
120.18
140. 64
150.05
148. 72
156. 49
174.49
237. 56
217 27
176.00
167. 66
163. 10
148.00
141.64
172.12
132. 28
140. 97
143. 95
158. 75
131.33
132 14
126. 42
5 72
112.20
93.92
99.34
144.70
138.05
138.04
140. 82
134. 51
6.31
112. 74
5.54
125. 80
5.76
133.11
127. 84
5.27
111.74
6.64
137. 64
132. 41
5. 23
178.01
105. 88
6.33
105 67
103 00
1 57
110. 43
107. 60
1 57
109. 30
106. 50
1.56
109. 63
106. 84
1.55
108. 46
105. 67
1.55
108 00
105 20
1 55
118.28
118.17
117.29
114.10
112.98
96.0
105. 8
95.5
107.7
95.1
107.9
95. 6
108. 1
159. 28
167. 23
92. 89
6.46
109. 30
101. 28
8.02
130.18
88. 78
5.14
108 48
105 67
1 61
110 10
107. 27
1 59
109 86
107. 00
1 61
106 29
103. 47
1 60
108 26
105 42
1 60
107 98
105. 13
1 60
107. 59
104. 72
1.62
107.07
118. 69
115. 44
1.97
118.27
118.36
115.07
116.16
115. 16
1 92
percent
4 65
4.73
do
do
do
do
4 38
4.51
4.67
5.05
do
do
. do _
do
do
do
122. 92
7. 2o
96.3
108.0
443
4,041
1,207
2, 798
88.57
96.7
106. 7
97.0
108.9
422
86.22
94.6
103.9
96.3
109.7
427
85.49
95.0
100 7
do
do
do
r
3, 426
1,392
1,999
159. 35
170. 78
7 22
132. 00
6.04
109. 94
110 32
1 61
1 60
116. 31
107.47
118.28
94.5
106.7
131.56
93.9
106. 5
93.9
106. 6
94.6
107.7
86.61
134. 97
106. 51
5.24
115. 91
112.63
116.15
112.89
117.31
114.09
117.57
114.35
117. 82
1.98
1.95
112. 92
1.94
113.09
1.98
1.93
1.93
1.92
1.89
117. 87
114. 68
1.89
114. 98
1.88
4.58
4.63
4.64
4. 66
4.65
4.59
4.54
4.56
4.58
4.63
4.70
4.73
4. 74
4.73
4.41
4.56
4.77
5. 19
4.25
4.41
4.63
5.01
4, 30
4. 44
4. 67
5.11
4.31
4.47
4.69
5.08
4.35
4.50
4.71
5.10
4.32
4.48
4. 69
5.10
4.27
4.40
4.63
5.07
4.22
4.33
4.57
5.02
4.25
4.37
4.59
5.01
4.27
4.41
4.63
5.01
4.33
4. 45
4.69
5.03
4.41
4.53
4.75
5.09
4.45
4.57
4.80
5.11
4.45
4.59
4.81
5.12
4.42
4.56
4.79
5.13
4.53
4 70
4.73
4.59
4.69
4.92
4.46
4.48
4.78
4.50
4.56
4.84
4.51
4.56
4.85
4. 55
4.58
4.87
4. 52
4.57
4.86
4.46
4.51
4.82
4.40
4.43
4.78
4.45
4.46
4.75
4.48
4.49
4.77
4.54
4.52
4.83
4.59
4.60
4.89
4.61
4.67
4.92
4.61
4.67
4.94
4. GO
4.66
4.92
3 58
3. 95
4.07
3. 51
3.73
4.01
3 51
3.53
3.82
3.42
3.59
3.91
3.43
3.46
3.93
3.38
3.45
3.88
3.38
3.44
3.89
3.33
3.33
3.81
3.51
3.38
3.78
3.48
3.44
3.80
3.48
3.38
3.73
3.54
3.53
3.88
3.49
3.53
3.90
3.54
3.55
4.00
3.49
3.54
4.02
3.36
3.46
3.98
13, 575 1, 965. 5
921.5
468.1 1,957.2
914.1
367.9 1, 986. 3
935.7
372.9 2, 008. 8
987.4
84.1
157.7
133.7 1, 280. 9
4.3
109.0
188.0
313. 8
85.3
189.3
133.5 1,277.0
2.9
107.7
182.4
350.0
16.9
115. 02
1.95
114.63
1.88
116. 16
1 88
Stocks
Cash dividend payments publicly reported:
Total dividend payments
mil. $
2
13, 012
2
387. 6 2, 456. 3 1,003.2
1, 898
6, 882
2
2
2. 048
169.5
7,2 047 1, 264. 9
549
106. 6
1 75. 6
330. 1
10.9
104. 5
345. 9
136.0 1 , 476. 4
2 9
171.8
255 2
298. 7
11.2
1, 096
1 500
2
2
94. 6
180 3
62.3
56.5
30.8
202.3
2. 1
109 6
1.7
114.6
34.6
68. 1
11.8
111.9
8.1
93.1
186 6
79.7
63.3
39.5
209.0
550
204
1, 181
12 588
370
2
581
2
212
5.41
5 81
2 61
3.42
3.82
4 2Q
5. 59
6 03
2 68
3. 53
3.97
4.75
5.57
6 02
2.69
3.56
3.96
4.85
5.58
6.04
2.69
3.47
3.96
4.85
5.57
6.00
2.71
3.46
4.00
5.01
5.64
6.01
2.74
3.44
4.09
5.08
5.64
6.01
2.74
3.41
4.20
5.08
163. 47 155. 46 149. 53 149. 30 154 57
Price per share, end of mo. (200 stocks) 9 ___do
186 26 173. 18 165. 61 164. 91 169! 92
Industrial (125 stocks)
do
72.24
69. 82
70.25
70.27
Public utility (24 stocks)
do
66.35
57.68 60.39
62.46
74.11
57. 56
Railroad (25 stocks)
do
r
Revised.
1 End of year.
2 Annual total.
§Data include bonds of the International Bank for Reconstruction and Development not
shown se'parately; these bonds are included in computing the average price of all listed
bonds.
161. 55
175. 22
76. 82
61.28
Finance
Manufacturing
Mining
Public utilities:
Communications
Railroad _ _ __
Trade
Miscellaneous
_
do
do
do
2
2
do
2
2
do
do
do
Dividend rates and prices, common stocks
(Moody's):
Dividends per share, annual rate (200 stocks)
dollars __
Industrial (125 stccks)
do
Public utility (24 stocks)
do
Railroad (25 stocks)
do
Bank (15 stocks)
_
_ do
Insurance (10 stocks)
do
2495
2387
2
2
113 1
20.0
57.8
11.7
1.4
23.0
162.7
161.2
135.8 1, 262. 8
2.9
106.4
179.3
312.4
11.7
42.8
7. 7
94.3
188.3
56.8
53.6
32.3
208. 7
119.3
20.4
52.8
5.65
6.01
2.75
3.41
4.20
5.19
5.65
6.01
2.77
3.35
4.20
5. 19
5. 66
6.02
2.79
3.35
4.20
5.19
4.1
9.5
2.1
9.8
225.1
118.4
16.9
55.2
7.7
95.8
190.2
63.4
59.0
30.3
8.5
5.66
6.03
2.79
3.35
4.20
5.19
5.66
6.01
2.80
3.35
4.20
5.19
5.67
6.02
2.81
3.35
4.20
5.19
112.8
.9
22.3
7.5
96.9
191.2
57.9
59.8
29.0
235.4
118.4
19.1
56.8
8.4
5.68
6.02
2.83
3.37
4.20
5.19
5.68
6.02
2.83
3.37
4.21
5.19
5.69
6.04
2.84
3.38
4.21
5.19
1.8
114.8
4.1
23.0
175. 72 179.36 179. 65 183. 20 179. 24 185. 95 189. 30 187. 49 193. 10
190. 56 193.51 193. 42 197. 56 193. 90 200. 64 204. 00 201. 55 207. 23
99.77
92.73 94.50
85.54
85.87
88. 06
85. 20
88.57
82.66
80.47
68.78
71.01
69.15
65.90
68.45
66.10
69. 24
67.00
68.37
66.00
c?Number of bonds represent number currently used; the change in the number does not
affect the continuity of series.
UPrices are derived from average yields on basis of an assumed 3 percent 20-year bond.
OFor bonds due or callable in 10 years or more.
9 Includes data not shown separately.
171.83
186. 00
SURVEY OF CURRENT BUSINESS
November 1961
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1959
1960
1960
Monthly
average
S-21
Oct.
Sept.
1961
Nov.
Dec.
Jan.
Mar.
Feb.
May
Apr.
June
July
Aug.
Sept.
Oct.
FINANCE—Continued
SECURITY MARKETS— Continued
Stocks— Continued
Dividend yields and earnings, common stocks
(Moody's):
Yield (200 stocks)
percent
Industrial (125 stocks)
do
Public utility (24 stocks)
do
Railroad (25 stocks)
do
Bank (15 stocks).
do_ _
Insurance (10 stocks)
do
Earnings per share (at annual rate), qtrly. :
Industrial (125 stocks)
dollars
Public utility (24 stocks)
do
Railroad (25 stocks)
do
Dividend yields, preferred stocks, 14 high-grade
(Standard & Poor's Corp )
percent
3.60
3 48
3.84
5 65
3.91
2.92
3 73
3 64
3 83
6 18
4.02
3.08
1
9.85
23.82
i 6 01
i 9.62
24.12
1
4.80
8 45
4.08
3 09
4.69
4.75
4.69
4.75
4.78
4.84
4.73
4.68
4.66
4.67
4.63
4.66
4.69
4.69
4.69
4 62
204. 57
618.04
91.39
138. 93
199. 78
598. 10
94. 37
130. 98
194. 49
582. 45
92.86
125.80
199. 54
601.14
94.14
128. 62
202. 81
609. 54
97.74
128. 29
212. 98
632. 20
102. 79
139. 44
219. 89
650. 01
107. 70
143.12
225. 64
670. 56
110.00
145.47
228. 42
684. £0
112.02
142. 53
231.08
693. 03
112. 84
144.98
229. 53
691.44
112,61
141.35
228. 96
690. 66
114.15
137. 82
237. 89
718. 64
119.32
141.65
237. 88
711 02
121.20
143 23
241.67
703 01
127.69
149 67
Prices:
Dow- Jones averages (65 stocks)
_ 212. 78
632.12
Industrial (30 stocks)
89. 71
Public utility (15 stocks)
___
Railroad (20 stocks)
161.14
Standard & Poor's Corporation:^
Industrial, public utility, and railroad:
Combined index (500 stocks)
1941-43=10-. 57.38
Industrial, total (425 stocks) 9
Capital goods (127 stocks)
Consumers' goods (193 stocks)
Public utility (50 stocks)
Railroad (25 stocks)
.__
Banks:
New York City (11 stocks)
Outside New York City (16 stocks)
Fire insurance (15 stocks)
3.74
3 66
3 83
6 02
4.02
3.07
3.31
3 12
3.94
4 63
3.71
2.70
3 60
3 53
3 75
5 73
3.93
2.97
3.49
3 43
3 57
5 61
3.92
2.76
3 28
3 23
3 40
5 17
3.78
2.51
3 22
3 15
3 33
4 99
3.51
2.50
3.15
3 11
3.25
4 84
3.51
2.50
3.15
3 11
3 26
5 00
3.54
2.51
3.09
3 05
3 15
4 89
3.33
2.49
8.00
4.17
0.22
9 70
4.12
6 36
3 16
3 10
3.26
5 07
3.27
2.48
3.05
3 00
3.19
5 08
3.19
2.35
3.00
2 95
3.05
4 87
3.03
2.19
' 9 80
'4.21
2.83
3 03
2 99
2 99
4 90
3. 06
2.22
2 95
2 91
2 85
4 76
2.78
2 10
8 70
4 27
4 82
55. 85
54.81
53.73
55. 47
56.80
59.72
62.17
64.12
65.83
66. 50
65.62
65.44
67.79
67. 26
68.00
do
do
do._
_do
do_
61.45
63.93
47.35
44.15
35. 09
59.43
59.74
47.21
46. 86
30.31
57.96
56. 77
46. 51
48. 64
28.76
56. 90
55.25
45.68
47.34
27. 77
58.89
57.42
46.96
47.83
28. 93
60 22
59. 11
47.98
49.78
29. 03
63.20
61. 46
48.96
52. 73
31.43
65.71
63.71
50. 85
55. 64
32.17
67.83
65. 77
53. 27
57. 06
32.93
69.64
66.12
54. 33
59. 09
32.35
70.34
67. 41
55 29
59 59
33. 08
69.48
67. 49
55. 61
58. 43
32.41
69. 1 5
66 24
56. 21
59. 42
31.74
71.69
69. 18
58. 73
61.19
32. 76
70.89
69. 78
59. 82
62. 19
33.02
71.42
69 32
61.26
64 15
34.53
do
do
do
26.28
52. 51
33.17
26.23
53. 09
33. 43
25. 63
52. 89
33.87
25.43
52. 32
33.01
25. 58
53. 91
33. 75
26.60
55. 37
37. 02
27.78
57.12
38.97
29.60
59. 48
42. 34
30. 55
63.94
42.95
30. 85
64. 92
42.64
31.30
67. 1 4
42. 97
32. Cl
68.38
43.98
33. 55
69.98
44.81
35. 64
74. 47
47. 19
36 09
77.27
47 16
30 73
79. 26
49 40
4 322
134
3 768
116
3 450
110
3 192
101
3 995
105
4 139
136
4 946
163
5 275
160
7 9281
42
6 533
229
6 305
094
5 174
154
3 668
108
5 161
149
4 215
123
3,623
87
3,163
80
2,867
75
2,700
70
2, 785
3,487
95
4,176
115
4 407
112
5,930
153
5 20 5
132
4 971
124
4 293
100
3 051
71
4 33S
104
3 543
82
68
64
61
62
77
89
93
118
102
97
73
61
82
64
295. 40
5,421
291 . 49
6,231
283. 32
6, 370
292. 99
6, 398
306. 97
6, 458
326. 60
G, 478
337. 49
6,501
347. 58
6, 529
350. 47
6, 571
358. 86
6, 663
348. 86
6, 727
360. 38
6, 761
368 65
6, 847
361 14
6 871
Sales (Securities and Exchange Commission):
Total on all registered exchanges:
Market value
mil $
Shares sold
millions
On New York Stock Exchange:
Market value
mil $
Shares sold
millions
Exclusive of odd lot and stopped sales
(N Y Times)
millions
Shares listed, N.Y. Stock Exchange, end of mo.:
Market value all listed shares
bil $
Number of shares listed
___ _ _ _ millions
281. 53
6, 388
73
FOREIGN TRADE OF THE UNITED STATES
FOREIGN TRADE
Indexes
Exports of U.S. merchandise:
317
274
Quantity
1936-38 = 100
694
Value
do
596
219
Unit value
do
217
Imports for consumption:
216
224
Quantity
_ _
_
do
595
609
Value
do
276
272
Unit value
_ _
do
Agricultural products, quantity:
Exports, U.S. merchandise, total: ©
194
154
Unadjusted
_„
1952-54 = 100.Seasonally adjusted
_ do
202
Cotton fiber (incl. linters), seas, adj
do._ _
99
Imports for consumption, total: ©
103
Unadjusted
_
_ _ _ _ _ _
do
110
Seasonally adjusted
do
106
Supplementary imports, seas, adj
do
110
102
Complementary imports seas, adj
__ -do
110
Shipping Weight
Water-borne trade:
9,262
8, 147
Exports, incl reexports!
_ thous. Ig. tons
14,917 14, 789
General imports
do
Value
Exports (mdse.), incl. reexports, totalf
mil. $__ 1, 468. 5 1, 708. 3
Excl. MSP (military) shipments
do _ 1, 366. 2 1, 629. 2
Seasonally adjusted*
do
By geographic regions:A
Africa
Asia
Australia and Oceania
Europe
_
Northern North America
Southern North America
South America
r
2
_
296
654
221
323
709
220
333
731
220
331
729
220
301
664
220
306
681
223
350
781
223
308
692
225
313
708
276
305
688
226
296
663
224
299
670
224
204
565
277
205
564
276
209
573
274
206
561
272
198
542
274
185
505
274
222
602
271
187
510
273
214
580
271
214
580
271
223
605
271
224
610
272
165
178
91
199
181
152
238
200
222
^247
199
219
'210
' 196
'231
'206
r
198
'203
225
208
'226
185
'191
181
184
188
' 127
155
' 177
'82
101
111
99
121
96
110
91
'124
97
112
120
108
99
90
'112
80
101
89
92
88
96
90
'97
85
120
105
111
101
98
85
77
90
103
109
91
125
112
115
95
132
10, 122
14, 774
10,218
14, 132
9,281
13, 866
8,680
13, 700
7,321
13, 634
7 755
12, 833
8 640
13,514
108
121
113
127
' 8 567 10 418
11,597 14, 290
1,610.1 1,743.9 1, 796. 7 1, 796. 6 1, 646. 7 1, 671. 5 1,934.2 1, 705. 5 1, 743. 8 1,698.9 1, 637. 0 1, 652. 7 1,616.3
1,556.6 1, 690. 0 1, 723. 6 1, 743. 3 1, 538. 8 1, 606. 1 1, 889. 1 1, 647. 0 1,671.3 1, 643. 8 1,558.4 1, 581. 2 1,541.8
1, 609. 7 1 , 706. 6 1, 676. 6 1,621.4 1,649.2 1,763 5 1, 687. 1 1,655 2 1 554 5 1 591 2 1 707 2 1 652 6 1 613 2
do
do
do
do
57.2
228.8
26.9
382.6
63.4
301.6
39.5
540. 5
54 5
256.6
44.2
551 7
67 3
284.7
49.4
572 2
65 0
321 6
50.8
612 0
68 4
382. 1
38.1
611 1
59 2
334 8
38.3
518 6
62
333
39
534
1
6
4
0
80 1
388 8
38.0
622 7
63
358
28
529
do
do
do_- _
310.7
148.2
165.4
308.3
138. 2
174.0
288.2
132. 6
164.1
310.7
138.8
200.1
313 3
128.0
170.9
269 8
133.5
180.9
263 2
110.0
162.6
280 5
114.9
178.2
315 5
130.3
212.8
302 7
126.4
170.4
Revised.
p Preliminary.
1 Quarterly average at annual rate.
For 12 months ending Dec.
cf Number of stocks represents number currently used; the change in number does not
affect continuity of the series.
9 Includes data not shown separately.
©Minor revisions for Jan.-Aug. 1960 will be shown later.
P 157
p 204
P233
8
0
7
6
65
366
30
519
6
8
0
1
319 7
114.5
174.2
54
336
26
530
1
6
3
9
76 3
349 3
32.3
439 2
65
300
38
513
330 1
114.1
173.3
269 5
118.7
203.0
289 7
' 121.9
176.5
2
3
7
5
62
293
32
488
9
o
5
4
287 7
123. 7
184.5
§Excludes "special category" shipments and all commodities exported under foreign-aid
programs as Department of Defense controlled cargo.
IDatainclude shipments (military and economic aid) under the Mutual Security Program.
AExcludes "special category" shipments.
* New series. Data prior to Aug. 1960 may be obtained from Bu. of Census reports.
SUEVEY OF CUEEENT BUSINESS
S-22
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1960
1959
Monthly
average
Xovember 1961
1961
1960
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Get.
FOREIGN TRADE OF THE UNITED STATES—Continued
FOREIGN TRADE— Continued
Value— Continued
Exports (mdse.), incl. reexports— Continued
By leading countries:
Africa:
United Arab Republic (Egypt Reg ) mil $
Union of South Africa
do
Asia and Oceania:
Australia, including New Guinea
do Colony of Singapore
do
India
_ _
do
Pakistan
do
Japan
do
Republic of Indonesia _ .
_ _ _ _ _ do
Republic of the Philippines
do
Europe:
France
do
East Germany
do
West Germany
do
Italy do
Union of Soviet Socialist Republics
do
United Kingdom
do
North and south America:
Canada
do
Latin American Republics, total 9
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
__ _
Venezuela ___ _ __ _
_
Exports of U S merchandise totalf
By economic classes:
Crude materials
Crude foodstuffs „
Manufactured foodstuffs
and beverages
Semimanufactures d71 - 1
______
Finished manufactures^
By principal commodities:
Agricultural products, total 9Cotton, unmanufactured
Fruits, vegetables, and preparations
Grains and preparations
Packinghouse products
_
Tobacco and manufactures A
Nonagricultural products total 9
Automobiles, parts, and accessories
Chemicals and related products §
Coal and related fuels. - ___ _
__
Iron and steel products
do _
do
do
do
do
do
do
do
do
do
do
do
do __
do
9.0
8.5
88
18 4
12.5
23.1
19.8
15.8
22.2
21.6
17.5
16.3
20.7
11.2
18.7
12.0
2'>. 0
16.1
28.5
12.0
20 1
13.8
19.9
13 9
22 2
30.1
29.9
19.5
32.3
35.0
38.4
3.5
3.5
41.4
32.9
2 5
28.0
8 7
80 4
53.3
14.0
110.7
42.9
10.0
98.2
60.6
99.6
54.1
18.0
115.9
67.7
17. 7
156.0
22 9
24.6
21.9
24.3
25.2
28 3
48.0
48.6
44.3
69 3
34 0
.6
73 7
88.9
53.5
3.2
117 2
81.9
54.5
3.2
152.3
87.5
52.0
4.3
145. 9
310 6
308 2
288 2
310. 7
5.5
1
3.4
6.9
.3
5.2
.1
8.3
5.6
29.6
21.4
23.1
3.6
3.3
4.0
4.0
4.0
31.4
52.0
13.5
135. 6
16.7
24.8
40.2
10.1
137.8
13.8
24.7
48.6
21.5
164.0
12 2
27.8
46.0
43.2
49.0
49.9
.3
0
.1
93.8
52.3
4.4
127.9
92.0
66.4
4.0
132.3
83.0
70.7
3.9
97.4
90.5
70.7
2.6
92 1
102 0
81.6
4.6
115.2
313.2
269.8
263 2
280.5
315.5
302 7
4.0
9.5
.1
3.7
6.8
0)
2
61.0
13.4
21.9
C
24.4
3.8
3.6
8.3
11.7
17.4
15 9
32.8
27.4
29.2
11.0
139.4
10.1
23.6
24.6
13 4
132. 7
12.0
23.6
4.3
3.8
42.9
17 7
148.2
12.2
24 7
38.7
18 7
160.0
10.2
31.2
36.8
12.3
154.6
55. 6
11. 1
144.5
6.7
8.6
34.0
29.1
52 6
45 3
46 8
35.0
43.1
84 8
67.5
6.8
79 3
89 6
72 6
2.8
74 8
86.3
66.1
9.8
73 8
72 3
53.4
6.4
70. 1
88.4
63.0
3.8
84.1
82 0
55.7
o
108 5
319 6
330 1
269. 5
289.7
287 7
0)
0)
.1
2
44 7
(i)
287.9
274.4
273.1
312.9
298.2
272.5
289. 0
248. 4
271.1
314.2
268.9
261.3
283.1
292. 9
265.7
34.3
32.1
32 7
29.1
30.1
28.6
37.7
31.0
29.6
31.1
35.5
35.6
34.8
4C 6
19 3
35.2
35 5
37.3
43 S
41 2
39 4
57 3
37.5
33 9
34 4
34 3
37 1
41 9
36 5
50 1
16.2
15.0
18.0
22.2
17.0
21.0
16.7
18.1
20 9
11 4
20. 7
17 4
14 6
18 7
18 0
20.5
19.2
21.2
18.0
20.8
23.2
16.3
16 3
18.8
20.7
21.3
23.4
20.5
21.0
17 1
.1
(i)
9
5
18.5
3.9
5.2
2.9
.6
17 8
17.1
38
2 6
36 5
2 0
67.2
63.3
65.5
68.1
75.8
64.9
68. 6
67.4
58. 8
62.6
69.5
63.2
61 7
68.3
62.9
40.9
45.8
41.2
39.1
62.6
37.9
35.9
41.3
46.8
44.6
34.2
61.6
57.0
27.8
37.7
] 453 *>. 1,691.6 1,594.6 1,729 4 1 , 782. 8 1,777. 7 1,618 7 1,659.0 1,903 7 1,687 5 1,725 4 1,677 9 1,617.3 1,633.3 1,599 6
159 4
120 7
89.8
205.5
877.8
215.5
136.6
93.0
293.5
952.9
188 5
145.7
96.8
287.8
875.8
239 3
143.8
102. 3
285. 2
958.9
283 2
146.9
99.9
286.0
966.9
287.0
144.1
106. 2
292.7
947.6
236 3
132 6
89.0
258. 2
902.6
218 8
224 8
177.2
156.7
88.3
105.6
299.9
273.7
921.6 1,096.3
187 4
153 9
88.5
266.2
991.4
186 5
163 8
98.4
287.5
989.3
166 3
144 5
94.7
290.4
982.0
166.2
139. 6
91.1
279.6
940. 9
218 8
129.6
90.7
266. 3
927.8
394 8
141. 6
79.0
250. 1
934. 1
504.2
350.4
402.0
369.4
495. 8
423.2
431.9
426.3
469.5
348.2
385.8
366. 5
329.6
395.2
394.1
do___
134.7
82.3
98.4
45.4
26.3
59.4
89.4
130. 4
113.6
44.8
do
37.7
112.1
79.8
53.0
36.7
33.2
32.4
39.4
27.3
31.3
32 1
26.1
24. 7
31 8
30.9
38 8
37 2
31.6
26 7
34 2
do
143.3
154.4
156 3
138.2
161.2
128.4
118.3
137. 5
141.5
135.1
135.0
187.6
156.6
130.8
165. 5
do
25.1
28.9
27.3
23. 5
25.4
25.6
24.0
24.4
33.7
25.6
27 7
24.7
26.7
do
31.0
23. 9
31.4
74.8
72.3
43.1
35.6
39.7
24.8
25. 7
31. 2
76.1
74.7
36.7
26 7
30.0
26.7
do
1,123 6 1,289 6 1,225 1 1,297.5 1,287 0 1,273.5 1,195 5 1,232 7 1,434 2 1 293 4 1 330 2 1 329 6 1,266.9 1,247 5 5 .33 1
do
105.7
119.4
93.3
97.6
115.2
92.7
107.7
78.1
108. 5
78. 5
91.4
99.9
84. 3
104.8
105.9
do
121.3
140.0
144.8
132.9
158.4
149.7
141.9
124.5
141.8
140.1
145.1
139. 3
139.6
151.6
do
141.0
27.2
23.4
19.5
33.2
34.0
36.1
29.4
20.1
33.7
31.0
32.3
24.5
29.6
19. 6
30. 1
do
73.2
62.1
73.6
69.1
71.9
53.4
60.3
67.3
70.1
66.1
73.7
60.9
88.5
81.9
do
46.7
382.1
390.4
357.8
332.3
447.2
373.8
323.9
367.7
377.0
349. 5
374.6
377.8
Machinery, total § 9 _ _ _ _ _
_ do
412.8
391.1
393.5
12.1
10.6
8.9
8.9
12 0
83
9 4
8 8
10 6
13.9
17 1
7.8
Agricultural
do
16 3
14 3
15 6
32.3
27.3
32 2
30.6
28.9
35.2
29.8
28.4
32.7
27.0
28.8
29.6
35.3
33.4
Tractors, parts, and accessories
do
29.7
86.4
94.2
83.2
82.6
82.2
80 2
94.6
82.3
80.6
105.6
85.7
95.8
88.0
95.1
89.8
Electrical
_
do
40.8
40.5
29 5
42 1
37.6
30 7
25 2
37 3
46 5
34.5
35 2
39 8
40 9
38 4
26 0
Metalworkinc§
do
189.2
166.4
178.1
178.1
168.3
185. 7
184.8
185.9
158.3
183.4
184.5
193.3
210.0
185.1
185.5
Other industrial
do
36.4
41.7
39.9
32.1
39 2
39.9
37.8
34.9
37.5
40.1
33.8
40 0
39 0
38 0
38 9
Petroleum and products
do
58.2
53.8 ; 53.9
57.8
55.4
49.3
52.5
61.6
57.4
56.3
66.6
53.2
57.9
53.9
Textiles and manufactures
do
52.9
1,267.3 1,221.2 1,160.1 1,157.2 1,160.8 1,157.1 1,123.6 1,045.9 1,230.5 1,041.9 1,194.5 1 , 220. 2 1,267.8 1,233.5 1,176.3
General imports, total
do
1.177 4 1,196 2 1.128 0 1,099 7 1,119 1 1,121 6 1.127 1 1 129 1 1 117 4 1 180 9 1,371.4 1, 242. 8 i l 249 0
Seasonally adjusted*
do
By geographic regions:
44.6
71.6
47.5
36.5
42.8
46.4
52 6
49 1
43.6
36 1
43.5
62 3
37.3
53 5
49 7
Africa
do
231.4
242.6
226 7
215 7
210 6
209 5
196 8
167 8
202 8
216 9
209 6
215 8
181 8
?20 8
Asia
do
207 5
99 2
2'? 2
35 0
33 4
21 7
18 8
27 7
16 6
17 7
13 6
28 2
29 4
24 6
Australia and Oceania
do
28 1
10 9
334. 4
357.0
355.6
384 0
323 1
343 4
327. 1
340 4
338 2
315 3
299 3
343 7
Europe
do
287 3
334 9
338 4
9
271.9
242 0
288 8
253 7
223 2
270 8
240 9
249 1
08 4
249 2
212 3
273 0
Northern North America
do
238 5
197 8
263 7
98.4
119.3
93.2
132 8
109.5
106.
4
113.3
91. 7
122.
9
124
8
104
2
127.6
Southern North America
do
139.
5
128
5
127. 1
181.8
202. 8
203. 0
188.5
199. 3
South America _ __ _
do _
208.0
219.0
210.5
197.5
224. 6
173.4
182.1
199.1
201.6
192.0
By leading countries:
Africa:
13.4
.9
2.6
1.5
.5
1.4
.4
United Arab Republic (Egypt Reg.) do
1.4
2.2
.7
.7
1.8
.8
11.7
12.2
9.8
8.2
8.8
9.0
9.1
10.2
Union of South Africa
_ do
6.6
8.0
8.6
9.5
10.0
10.1
8.7
8.7
Asia and Oceania:
17.3
21.9
16.4
8.6
14.2
Australia, including New Guinea
do
9.8
5.5
9.5
11.5
15.1
16.4
11.9
11.7
11.1
14.5
11
8
9
8
.8
2.6
Colony of Singapore
do
16
1 2
9
1 2
1 6
1 7
2 4
1 7
10
18.0
23
0
India do
17.3
17.6
22.3
19. 7
17.8
19.0
17.7
17.5
19 9
17.6
17.1
21.8
20. 6
9 7
2.6
Pakistan
do
30
1 9
1 9
2 7
2 9
2.5
3 3
3 2
4 3
35
2 8
30
4 7
92.6
76.6
95. 3
81.2
107. 3
85 7
94.3
Japan
_
do
95.7
96. 7
91.5
83 3
84 4
82 5
80.9
61.7
19 4
14.5
14 4
13 2
12 5
14 0
Republic of Indonesia
do
15 9
17 3
15 0
22 1
11 5
11 5
18 0
15 7
14 1
33.2
25.5
30.2
19.5
19.9
20.9
22.6
31.1
24.0
26.5
28.2
31.0
Republic of the Philippines
do
26.0
20.0
20. 3
Europe:
40 8
France
do
33 0
22 8
27 1
'M 2
3? 2
42 6
35 5
38 5
28 6
31 1
35 8
?6 7
26 5
38 2
9
2
2
.3
.3
.3
.1
.3
.3
.3
.3
.3
East Germany...
__ do
.3
.1
73.6
65. 2
71.3
75.1
69.5
69.2
67.9
West Germany. ___
do _
76.7
74.7
78.8
66.0
75.6
63.8
69.6
69.8
32 8
31.5
32 3
35 9
32 7
36.8
29 4
28 6
34 0
29 1
24 9
25 9
Italy
do
28 4
28 6
29 5
1.3
1.5
2.4
1.9
1.5
3.1
1.3
1. 8
.6
2 8
1.0
2 9
2 8
3 3
Union of Soviet Socialist Republics
do _
1.0
86.6
73.5
63. 5
75.2
United Kingdom
do
94.8
73.8
72.8
72.3
82.7
70.7
77.7
68.6
60. 6
56.6
72.0
r
c
Revised.
Corrected.
* Less than $50,000.
9 Includes data not shown separately.
f See similar note on p. S-21.
cf Data for semimanufactures reported as "special category, type 1" are included with
finished manufactures.
A Manufactures of tobacco are included in the nonagricultural products total.
§ Excludes "special category, type 1" exports.
* New series. Data prior to August
1960 may be obtained from Bureau of Census reports.
SURVEY OF CURRENT BUSINESS
November 1961
1959
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1S61
edition of BUSINESS STATISTICS
1960
Monthly
average
S—23
1960
Sept.
Oct.
1961
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
July
June
Aug.
Sept.
Oct.
FOREIGN TRADE OF THE UNITED STATES—Continued
FOREIGN TRADE— Continued
Value— Continued
General imports, by leading countries— Continued
North and South America:
Canada _
_
..mil. $__
Latin American Republics total 9
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Venezuela
_ _
do
253.5
241.8
238.3
240.7
248.9
223.2
208.3
197.8
249.2
212.3
263.5
272 7
271.6
288.4
270.6
300.1
294.1
280 8
278 5
276.8
277.0
295.5
282 3
295 1
244 1
264 1
274 5
250 7
243.2
251 5
10.5
52.4
16.8
28.3
39.6
36.3
74.2
8.2
47.5
16.1
25.0
29.8
36.9
79.0
7.6
54.4
15.7
23.5
7.9
44 3
78.2
6.9
48.9
19.8
36.2
7.6
27.8
76.7
5.7
45.0
9.1
35.3
6.2
31.3
81.9
7.1
42.6
9.5
24.7
2.9
39 1
83.9
9.2
38.2
21.2
32.4
3.6
40.7
91.8
7.3
42.1
15.0
20. 1
2.7
49.5
90.4
8.4
47.8
11.9
25.8
3.0
53 4
79.0
7.8
43.5
15.6
17.5
1. 1
42 7
66.5
10.6
42.0
13.6
22 4
2.1
52 2
73.5
10.1
40.6
17.8
29 2
4.3
56 0
70. 1
8.9
38.5
18.6
21.4
3.4
44 4
64.0
8.7
53.2
11.9
20.0
2.3
37.3
69.6
8.9
57 2
8.1
22 0
4 0
32 4
71 4
do
_do
do
do
do - _ _
do
do
1, 249. 5 1,221.0 1, 159.3 1, 156. 9 1,175.9 1, 151. 0 1.111.7 1, 036. 6 1, 235. 3 1, 045. 7 1, 188. 5 1, 189. 0 1. 240. 9 1?250. 1 1 175 6
Imports for consumption, total _. .
do
By economic classes:
258.1
251.1
259.4
243.6
229.9
219.2
235. 2
210.3
202.5
229.9
238.5
254.2
231. 8
237.4
Crude materials
do
242 7
143.5
134.1
141.0
149. 2
139.7
141.8
139.4
138.0
146.1
153. 9
168. 1
1,50.3
133.1
Crude foodstuffs
__
_ _ d o _ _ _ 152.0
130 5
147.4
133. 3
130.5
122.4
139.4
105.8
110.5
142.9
Manufactured foodstuffs and beverages do
134.5
115. 5
109. 6
125.0
136.3
141.8
135 2
245. 6
234.8
234.9
228. 1 265.0
251.7
275.5
257.7
233.3
242.6
225.1
267.4
253.5
257.1
Semimanufactures
do
252 4
438.2
453.6
412.3
425.2
411.8
382.0
347.9
421.9
430.7
430.7
366.6
426.8
410 3 454 7
Finished manufactures
do
414 9
By principal commodities:
333.4
295.4
297.6
294. 5
314.9
341.6
318.7
310.6
286.3
292.3
276.3
285.3
314.9
Agricultural products, total 9
do
345.4
297 1
Cocoa (cacao) beans incl shells
Coffee
Rubber crude including guayule
Sugar
Wool and mohair, unmanufactured
Nonagricultural products, total 9
do
do
do
do
do
13.7
91.4
31.9
41.3
18.7
11.9
83.7
26.8
42.3
16.4
9.8
87.5
25 2
41.6
14.0
8.4
93.8
19.6
24.8
13.9
8.9
83.0
20.4
39.7
12.1
12.2
82.7
24. 1
28.7
11.9
18.4
86.6
19.9
23.7
16.7
16.8
76.6
15.3
37.8
14.4
16.3
97.3
15.8
52.6
19.0
19.6
75.8
13.2
25.7
17.9
16.3
74.3
15 5
38.7
15.9
17 9
91.6
18 2
37.1
16.1
20 8
72.7
18 6
49.7
19.1
13.7
77.7
18.5
45.9
15.1
7 3
79 1
10 0
35 3
15.4
do
907.9
902.3
848.7
870.6
883.7
855.6
814.1
760. 3
889.9
760. 4
894.0
874.1
926. 0
916.7
878 5
9.0
52.1
9. 1
44.2
4.7
35.2
5.2
31.9
6.2
30.8
17.2
28.6
12.9
23.3
11.6
24.1
90
32.3
68
32.6
7 2
37.3
67
39.9
58
41.5
4 4
43.9
52
40 4
93.2
24.8
10.0
28.8
55.5
128.0
95.7
33.5
9.8
28.0
57. 4
128.6
78.7
27.5
8.5
29.0
54.6
122.3
90.0
23.4
9.6
29.1
59.8
119.0
87.5
29.1
6.7
31.2
65. 2
135.7
86.9
33.2
9.4
23.1
59.3
141.6
75.9
26.8
6.4
25.0
53.8
152. 0
70.8
23.9
7. 1
27.4
48.1
137. 5
89.5
24.8
5.7
27.2
62.0
147. 5
67.3
10.5
7. 1
22.2
53.2
128.1
94.1
34.8
7. 1
28.0
64 9
128.0
78.0
18.7
7.9
30.2
59.2
122. 4
89.2
17.1
13 2
25.3
56 0
138.0
86.2
20.6
11.0
30.7
58 7
124.0
91.0
20.0
13 7
28. 1
55 5
132.0
62, 750
39, 775
12, 104
4 228
2,807
Furs and manufactures
do
Iron and steel products
do
Nonferrous ores, metals, and mfs. , total 9
mil. $._
Copper, incl. ore and manufactures. _ do
Tin including ore
do
Paper base stocks
do
Newsprint
do
Petroleum and products
do__ _
TRANSPORTATION AND COMMUNICATIONS
TRANSPORTATION
Airlines
Scheduled domestic trunk carriers:
Financial operations (qtrly. totals) :
Operating revenues total 9
-- mil. $
Transport total 9
do
Passeneer
__do
Property
do
U S mail
do
Operating expenses (incl. depreciation). do_
Net income (after taxes)
do
Operating results:
Miles flown (revenue)
thous _
Express and freight ton-miles
flown
do. __
Mail ton-miles
flown
__
do __
Passengers originated (revenue)
__ do
Passenger-miles flown (revenue)
milExpress Operations
Transportation revenues
Express privilege payments
Local Transit Lines
Fares, average cash ratej
Passengers carried (revenue)
Operating revenues
1
1
456. 1
452. 6
i 1411.8
27 3
i 10.6
i 429. 8
* 14.5
i 493. 5
i 489. 1
i 443. 4
!30. 0
1
11.7
i 484. 6
i 1. 1
529.4
525 6
478.8
30 6
11. 1
496.7
10 9
62, 883'
28, 279
9,833
3,785
2,356
60,419
31,718
11, 066
3, 855
2,450
59, 057
35, 169
10, 917
4 037
2,547
59, 757
35, 994
11,257
3 965
2,487
55, 199
32, 691
11, 043
3 518
2, 129
56, 971
35, 736
16, 479
3 504
2,284
56, 335
30, 459
11, 152
3 449
2, 348
43, 331
27, 002
10, 389
2 829
1,818
57, 106
36. 094
13, 239
3 779
2,398
56, 636
32, 322
11,631
3 871
2,459
58 Oil rrOO 313
36, 606 r38, 116
12 000 rl l 781
4 281
3 839
2,826
2,380
01, 744
33, 662
10 629
3 937
2,678
thous. $__ 32, 344
12, 143
do
30, 705
10, 429
31 , 867
10, 675
31, 300
10, 621
30, 961
10, 552
35, 458
12, 111
27, 822
6,983
27, 181
6,783
32, 790
11,955
28, 033
8,171
30, 891
10 474
31 022
11 576
26, 103
8 678
18.1
638
114 7
18.9
r 19 1
r 627
613
110 4
cents _
mil
mil $
117 3
T
491.6
486 1
436. 1
31 6
13.4
485.
3
d
1 5
r
19 1
637
122 2
r
r
19 2
628
r 19. 2
r 652
r 121 0
125 5
r
Class I Motor Carriers (Intercity)
Carriers of property (qtrly. totals):
2 923
2 923
Number of reporting carriers
935
Operating revenues, total
mil. $__ 11,160.8 11,188.4 1, 207. 4
Expenses, total _
do
11,110.1 11,158.5 1,161.3
Freight carried (revenue)
_ _
mil. tons
i 68.7 i 69.0
68.9
Carriers of passengers (qtrly. totals):
2 139
2 139
Number of reporting carriers
__
140
Operating revenues, total
mil. $
i 110.5 i 115. 1
140 9
Expenses, total, _
do_ _
i 95. 6 i 1100. 6
110.6
Passengers carried (revenue)
mil
56.6
158.3
61 9
Class I Railroads
Freight car-loadings (AAR):cf
Total cars
„
Coal
Coke
_
Forest products
_ _
Grain and grain products
r
2
d
J
thous.do
do __
do
do
2, 585
452
34
171
227
Revised.
Deficit.
Quarterly average.
Number of carriers filing complete reports for year 1960.
9 Includes data not shown separately.
2, 537
443
34
162
232
2, 906
517
26
191
260
d
r
19 4
611
116 8
T
r
19 4
19 4
19 5
19 5
19 5
123 5
114 5
121 3
113 6
582
139
r
154
268
23
135
255
2, 401
477
26
152
232
659
603
644
988
1,112.1
1, 097. 0
64 5
111 3
101.3
55 7
r25
r
16 9
1,922
382
21
129
211
1
3
9
8
3
2
4
110 4
923
1,207.8
1, 197. 9
69.0
' 2,
558 2,203
r
437
388
534
5?7
479
31
12
511
4
460 7
455 6
413 0
28 7
12 0
479.0
1, 955
376
21
134
99'}
599
567
112 6
19 7
584
981
140
140
118 9
103 8
55 4
28
175
261
531
106 3
1 293 2
1,158.3
71 7
97 8
95 8
51 3
2, 507
405
' 19 6 r 19 6
2,106
365
23
146
196
2,242
388
26
148
202
2,860
470
34
183
293
2,174
399
25
140
256
2, 367
421
28
159
234
2, 951
537
38
190
245
2,580
455
31
157
244
t Re vised effective Jan. 1960 to reflect fares charged in U.S. cities with a 1960 population
of 25,000
or more. Revisions (cents): 1960—Feb. ,18.7; May and June, 18.9; Aug., 19.0.
d1 Data for Sept. and Dec. 1960 and Mar., June, and Sept. 1961 cover 5 weeks;
other months, 4 weeks.
SURVEY OF CURRENT BUSINESS
S-24
1959
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1960
November 1961
1960
Monthly
average
Oct.
Sept.
1961
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
11
213
106
1,095
14
223
114
1,174
28
263
141
1,509
36
202
111
1,344
'85
'86
'69
'94
'99
'63
62
52
'86
84
'77
'71
'96
'106
'66
'64
'52
85
83
87
78
67
97
107
68
68
48
89
TRANSPORTATION AND COMMUNICATIONS—Continued
TRANSPORTATION— Continued
Class I Railroads— Continued
Freight car-loadings (A AR)— Continued d"
Livestock
thous
Ore
_
_ _ __ do
Merchandise 1 c 1
do
Miscellaneous
~ do_ _ _
Freight car-loadings, seas. adj. indexes (Fed. R.):f
Total
_
1957=100-Coal.
do__Coke
.
do
Forest products *.
do
Grain and grain products
do
Livestock
do _
Ore
do
Merchandise, 1 c.l -..
do
Miscellaneous
do
Financial operations:
Operating revenues, total 9
Freight
Passenger
Operating expenses.
Tax accruals and rents
Net railway operating income
Net income (after taxes)
22
184
151
1, 309
90
81
72
103
77
93
88
79
70
98
104
76
'79
66
'90
818.8
692.7
54.3
642. 1
114.4
62.3
48.2
792.9
6G8. 8
53.4
630. 4
113.7
48.7
37. 1
' 102
r
mil. $_..
do
do
do __
do
_do ___
do
Operating results:
Freight carried 1 mile (qtrly.)
bil ton-miles
Revenue per ton-mile fqtrly avg )
cents
Passengers carried 1 mile revenue (qtrlv ) mil
25
139
176
1,361
88
60
i 148 41
145
i 5,513
1
1
1
1
147. 0
1 40°
5,315
34
250
170
1,459
82
74
84
96
T
105
r
77
' 61
'61
82
r
r
r
r
754. 6
643. 1
44.2
608. 3
111.6
r
34. 6
25.9
r 41
r
20
59
138
1, 296
15
44
109
1,011
11
48
118
1,025
18
72
158
1,390
17
65
119
1,176
81
'80
'71
46
'88
106
'67
'53
56
'81
81
'72
45
'89
'115
'63
'62
'56
'81
81
'64
'46
'91
'107
68
'68
'57
'83
'83
'74
'50
'95
' 104
'74
'40
55
'86
699 2
584.5
52.8
596. 4
106. 9
<*/,._
d 7.9
668. 3
559. 6
49.5
573. 7
99.4
d 4.8
d
Ht. .5
761. 3
642. 6
50.1
611.2
118.0
32. 1
14.4
714.9
604.4
46.1
584.1
108.1
22.6
4.4
184
142
1,306
26
90
129
1, 156
'85
'75
r
54
r
95
' 118
' 78
*T 62
62
'86
'83
'71
'59
' 90
' 114
'71
* 54
61
84
46
'86
' 101
'70
' 56
'58
83
815.8
695.4
46.5
624.8
121.2
69.8
54.8
756. 5
638. 0
46. 5
603. 4
106. 1
47.0
33.9
731.5
588.1
60.7
613. 6
83.6
34,3
52.7
r
r
144. 5
1 396
5, 818
141. 0
1.392
4,917
17
136
117
1,208
14
244
140
1,483
84
'83
'77
'70
'64
'60
'92
'94
' 114
111
69
'58
57
' 47
'54
54
'86
'86
778.5
664. 6
47.7
617. 3
120. 5
40.8
25. 5
132.0
1.386
4,743
796.4
670.6
58.1
613.6
123.4
59.4
43 6
r 77
71
'95
'98
'63
'67
50
84
754.2
629.3
58.7
606.6
111.9
35.6
20 4
825 4
695.9
58. 9
625. 6
125. 2
74.6
774 7
658.3
47.9
60.8
144.1
1.381
4,929
Waterway Traffic
Clearances, vessels in foreign trade:
Total U.S. ports
thous. net tons__ 12,959
10, 740
Foreign vessels
do
2,219
United States vessels
do
Panama Canal:
Total
In United States vessels
thous. Ig. tons_...do
Travel
Hotels:
Average sale per occupied room
dollars. _
Rooms occupied
% of total
Restaurant sales index
same mo. 1951 = 100-Foreign travel:
U S. citizens- Arrivals
_ _ _ thous _ _
Departures
__ __ _do __
Aliens: Arrivals
_ do
Departures.
do___
Passports issued and renewed
do
National parks, visits
do_ _
Pullman Co.:
Passenger-miles (revenue)
milPassenger revenues
thous. $
13 066
10, 800
2, 265
12 006
9. 814
2,192
13 502
10, 926
2,576
12 945
10, 322
2, 623
14 620
11, 927
2, 692
5.072
875
4,868
621
5, 675
937
5,287
805
5. 953
837
5, 757
788
5, 626
691
5 663
907
5,021
851
8.72
50
110
8.91
63
111
9.08
64
113
8.70
64
118
9.57
65
114
8.82
65
121
9.45
64
115
8.58
54
105
9.60
61
109
9.47
65
111
132
107
102
80
37
886
120
126
94
97
35
508
133
126
93
67
56
516
120
129
75
61
64
569
160
157
103
85
103
729
154
170
101
83
102
1, 115
150
163
107
94
117
1,760
187
231
258
263
124
110
113
111
105
52
76
69
4,020 ' 6, 674' 6, 438 2,818
242
3, 853
214
3,507
307
5, 060
316
5,259
297
4,981
276
4,611
234
3,882
207
3,405
251
4,111
243
3,957
704. 0
396. 3
238 5
424 9
118.2
64.3
711.0
402. 3
239 8
424. 3
122.5
64.6
707. 2
402. 4
235 4
424 4
120. 5
64.7
723.0
405. 7
247. 5
446.6
118.1
65.0
718.1
407.1
240.9
428.7
120.6
65. 1
701.1
403. 3
227. 0
417.4
117.8
65.3
735. 8
408. 5
256.8
448.9
119.4
65.5
720.1
408.9
239.6
426.2
125.3
65.7
744.1
413.7
256.1
447. 6
125.4
66 0
742.4
414.3
254.6
440.0
127.0
66 1
730.2
409.3
245. 6
430.2
133.0
66 3
21, 864
19, 495
1,300
23, 042
20, 282
1,741
22. 424
19, 957
1,610
21, 735
19, 794
1,120
22, 939
20,640
1,621
21,713
20, 206
216
20, 727
18, 866
590
23, 383
20, 484
1,548
21, 339
19, 391
682
22, 976
20, 522
1, 139
23, 163
20, 121
1,785
20 645
19,
876
d
S97
23 013
20, 627
1 241
3,014
2,470
225
2,955
2,513
159
2,919
2,480
141
2,920
2, 426
190
3,105
2,282
478
3,011
2.479
220
2, 766
2,308
158
3,155
2,524
270
2,879
2,504
77
3,077
2,538
194
3,164
2,427
436
2,877
2,423
102
3,035
2, 465
247
4 224
3,322
750
4 328
3,348
838
4,245
3,318
802
4 145
3, 313
744
4, 655
3,530
864
4,275
3, 395
737
4,051
3, 264
651
4,613
3,513
947
4,439
3,345
942
4,500
3,436
898
4,528
3,459
912
4.243
3,478
608
4,652
3,543
959
13, 893
11.286
2, 607
14,716
11,900
2,816
14, 876
11,854
3, 022
13, 573
10, 788
2, 785
4, 587
1, 001
5, 206
1,080
4, 843
981
5. 065
1,024
5. 161
997
8.92
66
115
9.15
65
115
9.47
67
114
10.04
114
9.62
63
107
155
1,864
169
167
108
89
71
22,217
220
147
146
106
49
2,574
163
136
125
98
40
1, 778
289
4, 624
280
4,488
207
3,237
696. 5
392. 6
236 5
418 3
116. 6
65.0
152
93
79
61
13,177
10, 612
2, 565
10.04
71
111
40
COMMUNICATIONS
Telephone carriers:
649.3
Operating revenues 9 —
mil. $367.2
Station revenues.
do
221 0
Tolls message
do
393 6
Operating expenses (before taxes)
do
Net operating income
__
do
108.0
Phones in service, end of year or mo
mil___
62.0
Telegraph, cable, and radiotelegraph carriers:
Wire-telegraph:
Operating revenues _ _ _ _ _
_ thous. $
21, 737
18, 734
Operating expenses, iiicl. depreciation
do
Net operating revenues
do
2,091
Ocean-cable:
Operating revenues
do
3,050
Operating expenses, incl. depreciation
do
2,356
Net operating revenues
do
395
Radiotelegraph :
3 973
Operating revenues
do
3,021
Operating expenses, incl. depreciation
do
Net operating revenues ._ ._ _
do
824
753.8
414 2
264 3
447.6
128.0
66 5
CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Inorganic chemicals, production:
942
999
Acetylene t
mil cu ft
1 012
976
965
1 009
Ammonia, synthetic anhydrous (commercial)
thous. sh. tons_. 376.6 a' 401. 5 ' 364. 6 ' 386. 7 ' 408. 7 ' 427. 5
78.4
90.0
77.3
66.6
63.1
Carbon dioxide, liquid, gas, and solid \ _ do
74.2
a
' 362. 3 0 ' 386. 4 ' 373. 4 ' 395. 2 ' 382. 4 ' 369. 1
Chlorine gas
do
79.7 « ' 80. 8 ' 77.0 '83.3 '79.0
Hydrochloric acid (100% HC1)
do
Nitric acid (100% HNO3)
_ _ do_ _
256.2
276.3 ' 280. 9 ' 289. 5 300.2
4,832
4,618
Oxygen (high purity) %
mil. cu. ft__ 3,747
4,718
4,702
Phosphoric acid (100% PaOs)
thous. sh. tons.. 156.8 <"175.8 ' 164. 2 '181.9 ' 174. 8
d
' Revised.
Deficit.
"Revisions will be shown later as follows: Jan. 1959-Aug.
1960 for chlorine, sodium hydroxide, and sodium sulfates; Jan.-Aug. 1960 for other indicated items.
i Quarterly average.
2 Beginning Jan. 1960, data reflect revised definition of visits.
cf Data for Sept. and Dec. 1960 and Mar., June, and Sept. 1961 cover 5 weeks; other
months, 4 weeks.
989
848
980
902
984
896
411.8
62.8
368.8
400.6
57.0
333 4
463.3
69.2
373 8
460.2
67.5
384 7
477. 5
83.1
399 6
442.5
95 5
375 1
' 790
411.5
96 7
381 6
938
938
417.2
105 5
394 7
396.0
87 0
349 9
' 71.1
72.3
67 1
74 9
76 7
77 6
73 2
73 1 ' 83 3 72 3
' 300. 6 285.8 272.5
295.4
277.0
274 7
254 6
255 2
276 6
283 9
4,538
4,794
5,337
4,643
5,167
6, 102
5,918
5,988 ' 5, 798
6.298
' 170. 2
192.6
205.6
179.9
200.7
209.2
160.2
174.6
175.4
181.8
tEffective with the Nov. 1961 SURVEY, data have been revised to incorporate new weights;
revised indexes prior to Sept. 1960 are available from the Board of Governors of the Federal
Reserve System, Wash. 25, D.C.
9 Includes data not shown separately.
t See similar note on p. S-25.
SURVEY OF CUKEENT BUSINESS
November 1961
1959
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1961
1960
1960
Monthly
average
S-25
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
CHEMICALS AND ALLIED PRODUCTS—Continued
CHEMICALS— Continued
Inorganic chemicals, production— Continued
Sodium carbonate (soda ash), synthetic (58%
408.7
Na2O)
thous. sh. tons
379.8 3G4. 8 383.6 360.0 ' 342. 1 339.8 336.0 375. 5 373.3 400.8 372.2 366 3 376 0 369 1
10.4
10.1
10.2
9.6
8.8
8.3
Sodium bichromate and chromate__.
do___
9.9
8.5
10.3
10.4
10.9
10.2
9.1
8.9
9 9
Sodium hydroxide (100% NaOH)
do
434 3
394.9 406 5 '418 9 370 0
"•395.7 a'414 3 * 393. 2 ' 421. 8 ' 409. 2 ' 394. 1 386.9 352.8 399.8
414 2
Sodium silicate (soluble silicate glass), anhydrous
a
42.9 '41. 4 ' 44.2 '49.9 ' 43.4 '37.0
thous sh tons
35. 1
36 3
41 7
41 0
44 6
55 5
37.0
35 5
43 0
Sodium sulfates (anhydrous, refined; Glauber's
89.0
91.6
88.5
90.7
92.8
salt; crude salt cake)
thous. sh. tons_ « ' 89. 7 « r 89. 4 '86.3
83.3
95.7
97.6
92.2
94.4
88.8
1,467.4 1,4903 1, 350. 1 1,491.0 1,434.7 1,432.3 1, 494. 0 1,388.7 1, 562. 8 1, 540. 4 1 574 0 1 446.3 1,354 6 '1 401.7 1 390 9
Sulfuric acid (100% 112804)!
do
Organic chemicals :cf
Acetic acid (synthetic and natural), production
mil. lb_.
Acetic anhydride, production
_ _ do _
Acetylsalicylic acid (aspirin), production. _do
Alcohol, ethyl:
Production
Stocks, end of month __.
Used for denaturation
Withdrawn tax-paid
Alcohol, denatured:
Production _ _
Consumption (withdrawals)
Stocks, end of month
Creosote oil, production
DDT, production
Ethyl acetate (85%), production
56.0
91.4
1.5
'63.7
r
91.3
'2.0
60.3
85.7
1.7
59.6
77.6
1.7
62.9
81.5
2.0
61.6
80.1
1.9
59.6
74.4
2.2
54.5
70.6
1.7
67.9
89.6
1.6
58.0
82.1
1.7
62.7
98.2
1.8
65.7
100.8
2.0
68.4
90.9
1.1
69.6
93.3
2.0
mil. proof gal
do___
do
do___
41.2
i 54.2
i 130. 3
45.2
i 5.3
59 2
127.0
46.5
5.6
61.9
129.5
41.7
7.0
53.1
130. 9
43.0
6.2
52.4
134.5
48.3
4.1
51.2
137.9
50.7
4.0
44.9
136.5
39.9
4.8
51.7
139.9
50.3
4.9
49.8
141.8
42 5
4.7
54 6
154.4
41 5
5.3
46.0
139.2
41.8
5.6
44 2
139.7
41 6
4.2
49 6
142.3
41 5
5.0
mil. wine gal
do
_
do
22.1
22.1
4.6
24.2
24.3
4.4
25.0
23.2
5.3
22.4
23.9
3.9
23.1
21.3
5.8
25.9
26.5
5.3
27.6
25.3
7.7
21.4
23.4
5.8
27.0
26.9
6.1
22 9
22.8
6.3
22.3
21.4
7.2
22.5
23.1
6.6
22.4
22.6
6.4
22.9
24.2
5.1
7.5
13.1
8.4
7.7
r 13.7
7.0
13.7
7.8
7.0
14.5
6.7
7.5
14.3
7.1
7.7
14.2
5.8
6.4
15.2
6.0
6.8
13.4
5.8
8.2
16.0
6.6
6.9
14.2
11.0
8 5
15.8
68
8.9
14.7
9.5
88
14.9
61
10 3
14.7
4.6
115.6
142.8
111.7
149.4
104.9
135.5
108.8
129.9
119.5
127.1
101.0
124.8
101.3
145.5
95.7
138.3
98 4
148.4
97.0
139.1
94 4
125.7
99 3
154.9
20.9
30.0
23.9
32.8
20.2
33 2
23.3
33 7
25.6
37 1
23.6
37 9
20.2
34.6
18.6
32 5
24.4
33 8
2
27.4
28.8
.2
27.8
26.2
.2
23.3
25.3
.2
24.8
31.0
2
24.7
34.7
2
25.9
36.3
.1
24.6
33.5
1
24 3
33.0
1
25.5
33.3
_
_ mil. gal
mil. lb._
do
Ethylene glycol, production __
do
Formaldehyde (37% HCHO), production. do_ _
Glycerin, refined, all grades:
Production
do
Stocks, end of month
do
Methanol, production:
Natural
mil gal
Synthetic
do
Phthalic anhydride, production
mil. lb__
'8.9
101.2 ' 108. 1
145.9 ' 156. 0
22.5
22.7
24.2
27.4
24.5
26.6
24.5
26.5
.2
22.1
29.8
.2
24.7
'33.4
.1
26.5
29.2
.2
25.2
29.9
22.9
28.1
2
25.1
26.5
780
561
43
435
68
337
617
74
446
78
380
669
69
467
105
392
386
38
274
49
345
503
42
371
70
349
407
19
296
84
557
496
18
379
83
1,430
439
40
321
67
2,021
547
27
446
44
1,441
527
55
439
22
919
636
27
536
57
404
663
16
651
85
534
13
447
57
523
18
428
70
223
129
38
13
42
207
105
30
12
35
236
142
54
14
30
180
78
0
18
43
116
47
0
9
24
126
63
0
9
14
216
119
11
7
44
261
135
59
9
54
359
194
53
21
61
273
127
40
22
47
311
161
83
18
42
177
101
48
11
9
139
92
34
15
3
158
93
37
10
19
203
124
35
5
33
183
181
104
183
119
272
126
177
282
309
177
54
124
232
124
217
282
221
344
184
359
218
372
235
424
218
434
245
443
240
427
264
349
246
274
241
309
196
383
157
426
185
'437
214
425
194
73, 892
128
82, 026
165
86, 103
195
88, 276
238
80, 206
186
79, 907
133
70 391
139
67, 046
66
73 887
58
77 714
86
88 356
44
83,958
70
81 360
299
92 792
106
93 769
144.0
84.0
60.0
147.0
85.3
61.7
149.6
88.4
61.2
138.9
78.2
60.7
126.2
69.5
56.7
109.4
60.9
48. 5
125. 5
372.8
3 52.7
116 0
65.7
50.3
146 6
87.5
59.1
151 7
93.2
58 5
169 8
104.8
65 0
179 8
112.8
67 0
155 1
99 5
55 6
169 7
103.6
66.1
154 1
92 1
62 0
379
4,069
412
3,712
373
3,655
390
3,561
400
3,553
477
3,669
400
3,698
357
3,703
454
3,776
444
3,780
473
3,842
475
3,830
487
3,969
499
4,056
43
8.7
.2
42
7.6
1
48
7.7
.1
4 4
7. 1
.1
41
7.1
.1
48
6.1
.1
37
6.7
.1
37
6.3
.1
4 5
7.6
1
4 2
7.1
1
4 4
7.5
1
50
7.9
1
40
65
1
50
6.6
.1
47.1
do
do _ 74.6
32.1
do
'49.2
'82.1
'29.8
43.9
73.3
29.0
42.5
76.2
27.3
40.0
74.0
25.9
39.3
71.3
23.8
40.8
66.5
24.0
40.6
62.7
22.4
46.3
71.8
27.0
45 1
79.5
24.8
49.7
85.9
28.8
51.1
86.6
28.7
'39 8
'82.7
'22.9
50.4
88.4
32.0
97.2 '100.2
46 7 '46 4
11.9 ' 11.8
97.8
30 3
11.2
104.6
30 3
10.8
98.0
26.6
8.7
86.7
25.5
8.6
87.7
25.3
9.3
81.1
24.6
8.8
93.1
28 5
8.8
97.5
30 6
9.0
104.5
33 6
9.0
104. 5
33 7
10.0
107.2
'91.9
' 31 8 34.5
10.0
'9.3
' 15 8 10 8
111.3
109.3
'30 4
31 0
12 1
112.9
33 0
11.2
114.1
30 4
11.0
119.7
29 4
9.6
114.5
31.6
12.1
108.3
31 0
14.1
129.3
35.9
13.6
124.9
38 5
15.2
129.0
37 6
13.0
132.8
38 9
'12.0
135.4
'33 8
18 0
32 6
FERTILIZERS
Consumption (10states)§
Exports, total 9
Nitrogenous materials
Phosphate materials
Potash materials
thous. sh. tons
do
do
do
. do
-
Imports, total 9
Nitrogenous materials, total 9
Nitrate of soda
Phosphate materials
Potash materials
do
do
do
do_
do
Potash deliveries
do
Superphosphate and other phosphatic fertilizers
(100%P205):
Production
thous. sh. tons
Stocks, end of month
do
2
764
456
56
341
47
2
MISCELLANEOUS PRODUCTS
Explosives (industrial), shipments:
Black blasting powder
thous. Ib
High explosives
do
Paints, varnish, and lacquer, factory shipments:
Total shipments
mil $
Trade products
do
Industrial
finishes
do
Sulfur (native) :
Production
thous Ig tons
Stocks (producers'), end of month
do
SYNTHETIC PLASTICS AND RESIN
MATERIALS
Production:
Cellulose acetate and mixed ester plastics:
Sheets rods and tubes
mil Ib
Molding and extrusion materials
do
Nitrocellulose sheets rods, and tubes
do
Phenolic and other tar acid resins
Polystyrene
.
Urea and melamine resins
Vinyl resins
Alkyd resins
Rosin modifications
.
. .......... do_ __
do
do
Polyester resins
Polyethylene resins
_
Miscellaneous (incl protective coatings)
do
do
do
15.1
99.6
23 9
' Revised.
° See similar note on p. S-24.
1 Effective July 1960, data for production, stocks, and withdrawals of ethyl alcohol include
amounts
classified
as "spirits"; the 1960 averages shown are based on July-Dec, data.
2
Based on data for 11 States; see note " §".
3 Beginning Jan. 1961, trade sales of lacquers (formerly shown with industrial finishes)
are included under trade products.
{Revisions for Jan. 1959-June 1960 for carbon dioxide and Jan.-June 1960 for acetylene,
oxygen, and sulfuric acid are shown in the Oct. 1961 SURVEY.
13.4
134.0
40.3
cTData (except for alcohol) are reported on the basis of 100% content of the specified
material unless otherwise indicated.
§ States represented are: North Carolina, South Carolina, Georgia, Florida, Alabama,
Tennessee, Arkansas, Louisiana, Texas, Oklahoma; also Virginia in 1959 and 1960 monthly
averages. According to quarterly reports from Virginia, consumption in that State is as
follows (thous. sh. tons): 1961—Jan.-Mar., 258; Apr.-June, 311.
9 Includes data not shown separately.
SURVEY OF CURRENT BUSINESS
S-26
Unless otherwise stated, statistics through I860
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1959
November 1061
I960
IS 60
M'nn'hlv
1'vcr^e
Sept,
Oct.
1961
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
J
j Jin ie
July
Aug.
Sept.
Oct.
ELECTRIC POWER AND GAS
ELECTRIC POWER
Production (utility and industrial), total
mil. kw.-hr
Electric utilities, total
do
By lue^s
do
By waterpower
do
fifi, 271
59, 1 67
47. 0*5
11 '482
70, 03S
62. 738
50, 61 2
12 126
69 628
62, 581
51,141
11,440
69, 485
62. 252
51 , 759
10 493
6*. 271
61.410
50. 649
10 761
72, 997
66, 202
54, 941
11 261
73. 547
66. 559
55, 803
10 756
65. 746
59. 263
49, 018
10 245
71,742
64, 6-11
50. 765
13 876
68, 289
61,280
47 440
13 840
71 . 032
63. 660
49 647
14 013
72.
65,
51
13
410
191
731
460
75, 223
68, 202
54 702
13 500
78, 965
71,486
58 378
13 108
74 466
67,297
55 366
11 931
48, 238
10, 929
51, 268
11,470
51.575
11,006
51.257
10. 996
50, 431
10, 979
54,169
12, 033
54, 408
12,152
48, 462
10, 801
52, 444
12, 196
49, 395
11, 886
51,712
11,948
53, 233
11, 958
55. 016
13, 186
58, 069
13, 417
54, 849
12 449
7. 104
6, 823
281
7, 300
7, 004
296
7, 047
6, 8 J 1
236
6, 862
6. 599
263
6 794
6. 541
254
6 987
6. 720
267
6 484
6, 224
259
7,101
6, 777
324
7 009
6, 682
327
7 371
7, 024
347
7 219
6 908
310
7 021
6 765
256
7 479
7 224
255
7 169
6 946
223
__ do_ _.. 52, 229
56, 767
58, 820
7. 233
6, 995
238
r. „ , „
56, t>o5
55, 704
57, 491 i 59, 436
58,101
58,177
57, 212
57, 803
58, 903
59, 527
62 790
8,891
25, 732
9,410
28, 270
] 0, 690
28 774
9, 739
9. 225
28, 036
9,327
27, 882
10,137
27. 387
9,944
26, 856
10, 275
27, 709
10,129
27, 668
10, 755
28, 593
11,403
29 332
12,122
28 797
12, 909
30 318
do
do
do _
do
_.do
344
14, 451
489
1,184
54
398
15, 760
507
1, 303
54
323
1 5, 760
494
1, 348
67
380
14,915
543
1,378
58
386
15, 223
582
1,392
50
462
17.001
613
1,420
56
457
19 430
623
1 325
77
445
18 839
560
1 386
72
418
17, 740
568
1,345
2122
384
17 013
570
1 3?0
128
370
16 121
491
1 326
146
358
15 827
471
1 372
139
341
16 313
478
1 329
146
369
17 202
482
1 368
152
Revenue from sales to ultimate customers (Edison
Electric Institute)
mil. $
881.1
955. 2
997.0
961 7
947. 0
975 0
1 01 0 9
997 6
981.0
966 8
968 7
2 732
2, 549
181
2 374
2,218
155
2 385
2,230
154
2 165
2,024
140
2 175
2 029
145
2 135
1 995
139
585
418
162
568
403
162
289
161
123
544
3S6
156
945
735
201
542
376
162
Privately and municipally owned util
do
Other producers (publicly owned)
_ _ _ do
Industrial establishments total
By fuels
_
Bv waterpower
do
_ _ do
do
Sales to ultimate customers, total (EEI)
Commercial and industrial:
Small light and power
Large light and power
__
do
__ do
Railways and railroads
_
_ _
Residential or domestic
Street and highway lighting-- __ Other public authorities
Interdepartmental
989 3 1 008 5 1 050 5
GAS
Manufactured and mixed gas (quarterly) :tcT
Customers end of quarter total 9
thous
Residential
do
Industrial arid commercial
_ _ __do
Sales to consumers, total 9
Residential
Industrial and commercial
_ __
mil. therms
do
do
Revenue from sales to consumers, total 9
Residential
Industrial and commercial
mil $
do
do
77.8
59 9
17.4
74,4
57 2
16. 9
42.6
29 9
12.5
68 8
53 1
15. 5
114 8
92 3
21 8
67 5
51 5
15 7
Natural gas (quarterly) rid*
Customers end of quarter total 9
Residential
Industrial arid commercial
thotis
do
do
29 18t
2(> M6
2 304
30 554
2^ 0^7
2 431
o() ? r >3
27 ^69
2 349
31 3!3
9 .-/»-
31 444
28 *")S
2 5."0
31 274
28 7t-3
2 470
mil therms
do
21 379
7 007
13 310
22 OC
7, "x
13 r'0,
in -17J
1 '}\
13 J ' u
22 551
7.414
1 3 ><76
30 345
14 076
14 940
21 9f ; 0
7, 088
13 73^
mil $ 1 181 9
6"") 1
«1 >
497 5
uo
1 3^i 6
73 i u
5">3 8
17 5
4V 6
1 36° 4
750 3
570 0
9 030 6
1 ">89 4
',94 7
1 3?8 7
725 9
566 1
Sales to consumer^ total 9
Residential
Revenue from sales to consumers ^o^a!9
Residential
Industrial ind commercial
_
FOOD AND KINDRED PRODUCTS; TOBACCO
ALCOHOLIC BEVERAGES
Beer:
Production
mil. bbl
Taxable withdrawals
do
Stocks, end of month
_ do
Distilled spirits (total) :
Production§ _
-- -__mil. tax gal
Consumption, apparent, for beverage purposes
mil. wine s';d
Taxable withdrawals!
mil tax gal
Stocks, end of month§
_ do
Imports
mil proof gal
Whisky:
Production
mil. tax gal
Taxable withdrawals
do
Stocks end of month
do
Imports
mil. proof gal
Rectified spirits and wines, production, total
mil proof gal
Whisky
do
Wines and distilling materials:
Effervescent wines:
Production
mil. wine gal
Taxable withdrawals
do
Stocks end of month
do _
Imports
do
Still wines:
Production
do
Taxable withdrawals
-do
Stocks end of month
do
Imports
do
Distilling materials produced at wineries
r
do
7 78
7 32
10.37
7 52
10.23
313.25
19. 56
s 9 90
3 835. 02
3.10
2.83
12.11
6.93
774 49
2.52
7.33
6.77
6 57
10.02
6.23
6.41
9.45
6. 68
6 55
9.13
6. 82
5 83
9.74
6.21
5. 57
10.00
8.33
7.36
10. 51
8.45
7.07
11.40
11.92
16.35
16. 75
15. 04
15. 41
15.08
16.14
14.44
15. 60
15.79
9.83
10. 11
18.63
10. 26
832. 60
3.32
21.42
12 71
832. 66
4.36
24 72
11. 55
835. 00
5.09
27.74
7.70
840. 36
3. 75
15.07
7 45
846. 06
2.19
15. 86
8.65
849. 98
2.27
20.24
9.97
853. 80
2.91
18.33
9.34
856. 23
2.54
19.87
10. 24
859. 48
2.91
20 93
11 31
861. 58
3.26
17.15
7 96
861. 84
2.44
18.93
10 03
859. 46
3.01
3. 74
12.41
6.84
806 44
2. 75
8. 75
7. 70
810 75
2.95
11.16
9.98
808 82
3.84
12.93
8.78
810.54
4.54
12.61
5. 75
815 50
3.33
13.10
5. 56
821 30
1.90
12. 89
6.50
825. 47
2.01
13. 07
6. 93
829 42
2.54
11.57
6.38
832. 29
2.24
12. 35
6.78
835 97
2.57
11.92
7.31
838 41
2.90
7.26
5.09
839 09
2.15
7,39
6.75
837 52
2.64
3.30
6 86
5.42
7 05
5.39
7 79
6.06
10 13
8.14
8 87
7.10
5 74
4.17
5 06
3.58
6 39
4.91
6 78
5.16
6 43
4.80
6 98
5.20
7 77
5.87
5 46
4.01
6 89
5 10
.29
26
2.05
07
.33
.28
2.45
.08
.27
.27
2.74
.06
.24
.40
2.55
10
.27
.48
2.31
.17
.31
.43
2.16
14
.43
.23
2.34
06
.36
.16
2.51
.04
.37
.22
2.63
.06
.35
.22
2.75
.05
.33
.32
2.72
.08
.53
.28
2.92
07
.16
. 16
2.91
05
.35
.26
2.95
06
.25
31
2.87
14.22
11.94
1 71. 55
.75
13.83
12.44
176.15
.82
r
56. 58
13.28
168. 22
.74
70.47
13.35
226. 13
.98
12.21
14.83
219. 42
1.27
7.35
12. 99
208. 77
1.03
2.77
11.77
200. 88
.70
2.82
11.88
188. 57
.65
2.56
15.28
177.23
.91
2.20
11.86
164. 93
.81
1.98
12.47
156. 42
.93
1.93
13.41
140. 68
.93
.85
9.14
134. 10
.78
5.00
12.93
123. 45
92
50.26
13.14
163. 92
28 36
27. 57
l!8 90
125 57
29 79
18 14
3 73
2.86
1.29
.50
1.14
.91
1 79
14 31
112 99
7 76
7 30
10.29
18.79
r
r
Revised.
*> Preliminary.
1 Effective Jan. 1961, data formerly reported separately as rural have been assigned to
other2 appropriate classifications; prior to 1961, such data are included in total sales only.
Beginning Mar. 1961, data include sales not previously reported.
3
See note "§".
^Revised data for 1st and 2d quarters of 1960 appear on p. 23 of this SURVEY.
8.96
8 22
11. 59
9.63
9.20
11.42
9.55
8 94
11.46
9.41
9 16
11.13
7 40
7 62
10. 47
cf The 1959 and 1960 averages shown for gas are quarterly averages.
9 Includes data not shown separately.
§ Effective July 1960, data for production, withdrawals, and stocks of distilled spirits
exclude amounts classified as "spirits"; such amounts are included with ethyl alcohol (p.
S-25). The averages shown are for July-Dec.
SURVEY OF CURRENT BUSINESS
November 19C1
1959
Unless otherwise staled, statistics through I960
and doscriotive notes are shown in the 1961
edition of BUSINESS STATISTICS
1960
S-27
1961
1960
Monthly
average
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
94.1
238. 4
.614
228.1
FOOD AND KINDRED PRODUCTS; TOBACCO—Continned
[
DAIRY PRODUCTS
Butter, creamery:
Production (factory) t
Stocks, cold storage, end of month
Price, wholesale, 92-score (N.Y.)
Cheese:
Production (factory), totalj
American, whole milkj
mil. l b _ _
do
$ per l b _ _
r
111.2
80. 1
.6:: 6
82. 5
135. 5
.618
114.4
106. 5
. 599
r 93. 4
116. 0
.616
93.9
90.6
.623
108, 9
76.8
.619
121. 6
75. 7
. Gil
r
117. 5
80. 3
. 611
132. 3
98. 0
.612
135.8
121.2
.612
155.2
158.7
.612
153.8
217 8
.612
130.0
249.8
.612
108.5
256. 5
. 614
114.0
76 7
139. 8
94 7
147. 9
106 0
175.3
128 7
175.9
132 1
148.1
110 0
133.7
97 6
r
._ mil. lb__ ' 115.3
do
78 5
123. 2
83 0
108. 0
71 5
110.7
70. 2
105. 8
66 3
119. 6
76 2
122 0
82 8
Stocks, cold storage, end of month, total __ do
318.2
280. 4
American, whole milk
do
Imports
_
_do
5.3
Price, wholesale, American, single daisies (Chicago)
_
_ _.
$ per Ib
.387
Condensed and evaporated milk:
Production, case goods:J
Condensed (sweetened.)
mil. lb__
5,1
Evaporated (unsweetened) _ .
do
189.0
Stocks, manufacturers', case goods, end of mo.:
Condensed (sweetened)
_
mil Ib
5.2
Evaporated (unsweetened)
_ do
235. 6
Exports:
Condensed (sweetened)
do
3 2
Evaporated (unsweetened)
do
6.9
Price, manufacturers' average selling:
6.20
Evaporated (unsweetened)
$ per case
Fluid milkProduction on farms
mil Ib
10, 166
Utilization in rnfd. dairy products a*
do
3,878
Price, wholesale, U.S. average
$ per 100 l b _ _
4.16
Dry milk:
Production:^
Drv whole milk
mil Ib
7.5
Nonfat dry milk (human food)
.
_ do
143.3
Stocks, manufacturers', end of month:
Dry whole milk
__
do
6.4
Nonfat dry rnilk (human food)
do _
101.6
Exports:
2. 1
Drv whole milk
do
Nonfat dry milk (human food)
do
23.3
Price, manufacturers' average selling, nonfat dry
milk (human food)
_ _ $ per Ib'
.136
GRAIN AND GRAIN PRODUCTS
67.7
Exports (barley, corn, oats, rye, wheat) ._ .mil. bu__
316. 8
5.3
346. 2
3^4. 2
5.0
333. 0
291 . 7
7. 1
328. 8
287. 7
8.1
332.6
292.0
7.4
327. 6
287. 0
7.3
332, 4
293 5
6.8
341. 1
302 3
5.6
368.3
324 9
6.6
406. 9
357 0
5.2
452.8
400. 3
7.5
481.9
424 0
39
511.0
448 4
5.8
.414
.430
.438
.438
. 438
. 4-34
.412
.418
.422
.411
.408
.408
.410
5.7
181.4
5.7
170.9
6.0
160. 2
5.5
139.2
4.8
139.6
6.0
141. 3
5. 7
131.3
6.1
181 2
5.6
206 7
7.1
266.5
5.8
252 A
5.5
213 9
6.0
188.6
5.4
158.9
5.5
235.7
5.5
341.2
5.8
319.2
6.3
293. 4
6.5
218.3
5.5
154. 9
51
125.5
5 7
83. 1
55
111.0
4 9
208.8
7 4
319.6
6 8
353 5
6 9
367.2
6.7
364. 5
35
8.4
33
6.2
3 2
11.1
4 7
8.2
2 5
14.0
33
9.4
5 2
38
4 6
4 4
4 7
12 9
2 9
12 0
3 9
11 8
4 4
8 5
35
10 5
3 4
4.5
Barley:
Production (crop estimate")
.—do -
Stocks (domestic), end of quarter, total
do _
On farms
do
Oil* farms
do
Export" including m<)lt§
do
Prices, wholesale (Minneapolis):
No. 2, mailing
$ per bu_.
No. 3, straight
do
:..- _.
Corn :
Production (crop estimate)
Grinding wet process
Tail bu
do
Stocks (domestic), end of quarter, total
mil. b n _ _
On farms
f'o
Oil" farms
do
Exports including meal and
flour
do
Prices, wholesale:
No. 3, yellow (Chicago)
$ per bu_.
Weighted avg., 5 markets, all grades
do
Oats:
Production (crop estimate)
.mil. bu
6.33
6.33
6.33
6.32
6 31
6 31
6 32
6 29
6 29
6 29
6 29
6.29
9,365
3,368
4.57
8, 974
3,283
4.65
9,495
3,722
4.59
9,859
4, 025
4.45
9 381
3, 838
4.31
10 843
4,488
4.18
11 168
4,694
4.01
12 278
5,498
3.92
11 941
5 444
3.86
11 014
4 593
4.03
10 263
3 954
4.17
9, 617
3, 442
1-4.38
8.2
151.5
8.2
96.8
9.0
107.9
8.5
106. 6
7. 8
133. 9
7.0
149. 6
6 6
148.3
6 8
179.5
6 4
194. 8
8 4
230. 5
7 6
233.8
5 8
182 6
61
142.4
5.7
116.2
6.4
121. 5
5.3
113.8
4.9
110. 2
5.6
101. 7
6.9
103. 1
7.3
103.1
6. 1
109. 0
58
104. 9
58
127.2
6.7
156.0
10.7
157.2
8 3
176 4
6.6
152. 1
5.7
132.5
2.3
16.6
1.7
13.6
1.9
35. 1
1. 1
21. 1
.4
23.0
3 2
19.3
13
11.6
14
13 4
9
10 4
9
21 7
2 8
32 3
16
26 9
2 0
27 3
1.3
28.1
.137
.136
.138
. 139
. 140
.139
. 1 39
. 143
. 155
. 158
159
. 158
.160
.159
77.5
83.2
81. 3
86.7
86.2
76.9
94.4
109.2
89.1
96.3
76.7
80.0
74.8
78.2
308. 4 '' 469. 1
104. 8 r 28 1 0
1 43 6 188 ?
1.19
1.14
4, 281
12 8
1
2, 781
1, 575
1, 207
18 4
3
3
3
1
1, 066
3
702
3
618
3
1
1.12
1.01
1.15
1.07
1. 12
1.02
1. 13
1.04
1. 14
1.04
1.14
1 05
3, 891
12 8
13 1
13 9
12 4
11 0
19 2
r4
4
f
I , 787
4
452
1, 335
13 7
16 6
27 8
4, 700
3 060
1, 641
28 6
1.16
1.04
1.06
1.01
.96
.94
1.02
.99
5 6
38
$perbu__
.71
.72
.65
.64
53. 4
i 54.6
36
M6
212
39
Rye:
Production (crop estimate)
__mil. bu__
Stocks (domestic), end of quarter, total
do___
Price, wholesale, No. 2 (Minneapolis)
$ per bu__
99
62
4
8 4
4 5
3 7
2 9
4 2
1.14
1 06
1.18
1 10
1.19
1 10
1.21
1 12
1.45
1 33
1. 43
1 35
1.47
1.40
11 9
13 4
12 0
13 4
13 8
12 7
14 6
13 4
19 6
19 0
3. 655
2 ()76
1 580
30 1
24 7
23 9
21 4
17 2
91 5
1,4 998
509
1 429
22 5
1.10
1.04
1.13
1.05
1.11
1.04
1.08
1.01
1.13
1.07
1.12
1.08
1.14
1.10
1.12
1.08
1. 10
l.CG
851
766
85
1, 079
r 958
121
16
1.48
1 42
4
2,809
1 439
4
r I 3Q9
3 549
14 1
1.09
1.06
4 324
4 267
4 57
556
482
74
11
10
2 8
2 3
7
2 8
.66
.65
.66
.60
.64
.68
123
99
130
77
97
71
101
76
50
63
994
957
844
113
16
Q
4 0
.66
.72
.68
.68
76
51
88
69
114
70
129
70
77
68
.67
2 54 3
100
60
r
64
48
60
100
38
130
141
126
133
126
119
87
85
77
83
97
80
285
171
338
231
1,245
201
1,334
321
457
272
271
344
148
257
126
241
112
271
78
216
53
204
46
126
24
156
158
102
769
154
877
126
.088
845
163
.081
832
69
.077
1,403
188
.078
1, 472
214
.079
1,322
250
.081
1,176
245
.083
1,029
154
.083
843
226
.084
616
190
.085
455
203
.085
385
65
.087
252
96
258
57
.085
620
51
P. 084
i 22. 3
319.9
1.26
132.5
321.4
1.13
35. 6
1.11
1.11
1.09
25.6
1.09
1.21
28 9
1.24
r
Revised.
f Preliminary.
2
i Crop estimate for the year.
Nov. 1 estimate of the 1961 crop. 3 Quarterly average.
* Old crop only; ne\\ crop not reported until beginning of new crop year (July for barley,
oats, rye, and wheat; Oct. for corn).
6 No quotation.
r 4 87
8 4
2
r
2 9
1
f
380. 4
424. 1
2H2. 2
151 5
4 54 2
1, 151
3
3
9 608
M.51
2
4 0
Rice:
Production (crop estimate)
mil bags 9
California mills:
Receipts, domestic, rough
mil. Ib—
Shipments from mills, milled rice
do
Stocks, rough and cleaned (cleaned basis), end
of month
mil Ib
Southern States mills (Ark., La., Tenn., Tex.) :
Receipts, rough, from producers
mil. Ib—
Shipments from mills, milled rice . _. __do_ .
Stocks, domestic, rough and cleaned (cleaned
basis), end of month
mil Ib—
Exports
- do_
Price, wholesale, head, clean (N.O.)
$ per Ib—
,-
1. 14
1. 06
do
Exports including oatmeal
Price, wholesale, No. 3, white (Chicago)
6 3
r4
244 7
V>0 6
118 1
7 4
84
do
do. __
do
6
I
'"•
6
9 3
1.14
1.06
1.20
1.14
354.
202.
152
G
9 7
3, 096
1 716
1, 381
18 5
.415
2
427. 0
672
595
3 77
Stocks (domestic), end of quarter, total
On farms
Off farms
-
r
6.32
1
484. 6
428 9
. 413
9,352
3, 132
4.42
3
3
3
3
3
3
501. 2
442 2
6.0
6.34
i 422. 1
1
r
r
10, 243
3,968
4.21
3
327. 8
3
171.4
3
lofi 4
9 8
118.8
83 0
4
20.1
14.1
1.12
1.15
1.10
1.13
1.12
1.22
(8)
^Revisions for 1960 appear in the Oct. 1961 SURVEY.
^Revisions for Jan. 1955-July 1960 are available upon request.
§Exeludes a small amount of pearl barley.
9 Bags of 100 Ib.
2 25 9
1.30
SUKVEY OF CURRENT BUSINESS
S-28
1959
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1960
Monthly
average
November 1961
1960
Sept.
Oct.
1961
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
July
June
Sept.
Aug.
Oct.
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
GRAIN AND GRAIN PRODUCTS— Con.
Wheat:
Production (crop estimate), total _
Spring wheat
Winter wheat
Distribution (quarterly total)
, mil bu
do
do
do
Stocks (domestic), end of quarter, total
On farms
Off farms
do
do
do
Exports total including
Wheat only
do
do
flour
1
1,1 127
203
*924
3
270
3
1,711
3
295
3
1, 416
1
1
1, 350
!246
13 104
295
21,211
2
r
'323
3
' 2,
342
1,822
T
3
547
318
3
1, 504
1,795
276
366
2,067
421
1,646
1,705
256
1,449
r
2,304
454
1, 850
r*l,41l
r4
2 153
1 On 8
281
296
i 136
l, 275
48.0
42.0
53.8
48.5
50.8
45.3
49.6
42.2
49.8
41.0
49.7
44.8
64.4
57.1
70.3
61.3
54 0
48.9
59.7
52.7
49 2
45.4
57.4
50.6
50.4
44.4
47.0
43.5
2.21
2.02
1.77
2.17
2.15
1.98
1.85
2.13
2.16
1.99
1.95
2.15
2.15
2.01
(5)
2.13
2.14
2.02
2.07
2.14
2.15
2.04
2.14
2.14
2.15
2.05
2.13
2.12
2.15
2.02
2.11
2.13
2.17
2.00
2.22
1.96
1.78
2.18
2.27
1.92
1.90
2.21
2.34
1.98
1.87
2.11
2.30
2.04
1.97
2.34
2.38
2.07
1.94
2.41
21,262
92 4
402
48, 560
21, 804
96. 1
411
49, 801
23, 496
103.6
440
53, 610
22, 374
98.6
417
50 837
21, 800
95 9
406
49, 585
22, 678
99 4
422
51 542
21, 288
98 4
393
48 251
22, 722
91.0
418
51 499
18 744
86 1
346
42 492
20, 790
87 0
20, 381
85 1
20, 782
91 0
21, 106
96.5
47 211
46 276
23,810
94.7
451
r
47 310 54,454
4, 443
2,613
4,367
2,281
2,397
3,227
4,709
3,818
2,127
3,200
' 4, 880
3,918
2,219
3,030
4, 267
1,645
2,954
5.322
4 992
5.300
5 083
5.330
5.090
5.303
5 033
5.328
5.050
5.280
5 017
5.315
5 050
5. 335
5 033
5.433
5 050
5.473
5 033
5.570
5 050
5. 598
5 217
406
1,455
1 860
536
438
1,616
1,845
506
514
1,782
2 092
783
516
1,746
2,605
1,319
502
1,625
2,086
884
451
1,576
1,634
541
427
1,632
1 826
476
385
1,435
1,397
311
457
1,627
1 629
402
378
1,502
1 541
371
421
456
1 754
1 751
1 785
1 560
1,628
1 573
1,803
1,847
1,712
1 864
27.53
25.61
32.00
25.93
22.93
28.50
24.62
20.91
25.50
24.83
21.59
25.50
26.00
22.54
28.00
26.61
23.61
30.00
27.02
24.29
33.50
25. 84
23.70
36.50
25.32
24.50
32.50
24 73
24.38
30 00
23 09
23.06
28 50
22 30
21.81
26 00
22 23
21.70
25 50
24 01
22.94
28 00
24 21
22.61
p28 52
5,726
2,896
5,513
2,577
5,165
2,330
5,407
2,451
5,707
2,597
5,753
2,615
5,744
2,586
5,078
2,234
6,110
2,530
5,048
2,248
5 597
2,569
5 093
2,363
4,320
2,056
5 114
2,308
5 240
2 294
14.12
15.50
17.06
35.0
29.8
Prices, wholesale:
No. 1, dark northern spring (Minneapolis)
2.26
$ per bu__
2.02
No 2, hard winter (Kansas City)
do
1.93
No 2, red winter (St Louis)
do
2.20
Weighted avg , 6 markets, all grades .
do.__
Wheat flour:
Production:
20, 881
Flour
thous sacks (100 Ib )
91 2
Operations percent of capacity
392
Offal
thous sh tons
47 571
Grindings of wheat
thous bu
Stocks held by mills, end of quarter
thous sacks (100 lb.)__ 3 4, 666
2,273
Exports
do
Prices, wholesale:
Spring, standard patents (Minneapolis)
$per!001b__ 5.534
5 061
Winter hard 95% patents (Kans City) do
3
(5)
2.16
386
380
r
r
390
2,624
2.40
2.08
1.87
2.36
398
48, 106
4,739
1,536
'r 5. 625 P 5. 659
5 334 p 5 333
LIVESTOCK
Cattle and calves:
Slaughter (federally inspected):
Calves
thous. animals
Cattle
do
Receipts principal markets
do
Shipments feeder to 8 corn-belt States
do
Prices, wholesale:
Beef steers (Chicago)
$ per 100 Ib
Steers, stockerand feeder ("Kansas City)__do
Calves vealers (Natl Stockyards, 111 ) do
Hogs:
Slaughter (federally inspected) thous animals
Receipts principal markets
do _
Prices:
Wholesale, average, all grades (Chicago)
$perl001b__
Hog-corn price ratio (bu. of corn equal in value
to 100 Ib live hog)
Sheep and lambs:
Slaughter (federally inspected) thous animals
Receipts, principal markets
do
Shipments feeder to 8 corn-belt States
do
Prices, wholesale:
Lambs, average (Chicago)
$ per 100 Ib Lambs, feeder, good and choice (Omaha) .do
381
339
364
274
341
254
472
728
24.46
22.97
16. 07
17.04
16.68
16.82
17.74
17.26
16.90
16.19
15.91
16.60
17.19
17.69
16.79
13.2
15.3
14.8
16.9
19.2
18.1
17.1
17.6
16.9
17.5
15.7
15.2
15.7
16.5
16.8
16.1
1,122
1,082
255
1,170
1,044
291
1,323
1,457
722
1,353
1,507
616
1,192
1,005
215
1,114
889
184
1,300
1,003
177
1,117
835
128
1,311
938
119
1,247
988
157
1,358
1,152
1,252
212
864
142
1,126
1 290
1,052
1 286
1,368
20.93
19.32
19.26
18.26
16.50
17.34
16.50
15.98
16.50
15.95
16.50
15.78
17.25
16.59
17.25
16.96
16.50
16.65
15.25
15.75
18.75
14.04
19.25
14.95
17.75
14.44
17.75
14.01
16.62
14.66
2,023
2,066
2,081
2,110
2,112
2,100
2,154
1,879
2,211
r 1, 946
2,245
2,171
1,898
2,117
2,063
531
80
81
525
87
63
403
89
68
402
103
56
410
78
43
423
89
51
444
75
59
470
74
50
477
69
71
529
58
80
523
79
63
496
78
93
444
94
92
392
65
105
'381
860
196
372
635
16.25
14.20
MEATS
Total meats:
Production (carcass weight, leaf lard in), Inspected
slaughter
_ _ _ _ __mil. Ib _
Stocks (excluding lard), cold storage, end of
month
__ .
.mil. Ib Exports (including lard) __.
do
Imports (excluding lard)
do
\
62
80
392
Beef and veal :
908.9 1, 042. 4
977.2 1,035.0
952.5 1,120.3 1, 132. 9 1, 032. 3 1.130.0 1, 072. 1
919.8 1, 005. 4 1, 094. 5 1,074.1 1,002.4
Production, inspected slaughter
do
164.4
183.5
168.2
171.2
182.7
182.2
165.9
168.7
157.0
153.4
183.2
166.4
173.4
175.5 r 178. 8
180.7
Stocks cold storage end of month
do
2.4
2.9
3.1
1.9
2.6
2.6
3.0
2.8
2.4
2.3
2.8
2.5
2.6
2.4
2.8
Exports
-- - -do
34.5
40.9
48.6
36.3
24.8
67.3
53.5
41.6
28.6
31.0
67.6
42.6
52.2
83.9
57.7
Imports
do_ -_
Price, wholesale, beef, fresh, steer carcasses, choice
.421
.391
.415
.459
.476
.444
.473
.451
.425
.438
.419
.434
.458
.400
.410
(600-700 Ibs.) (New York)
$ per lb._
.410
Lamb and mutton:
62.1
54.1
65.5
57.1
66.9
59.3
56.6
50.6
65.0
53.7
55.6
57.4
63.0
57 6
Production inspected slaughter
mil Ib
57 7
12.4
24.3
12.3
12.3
12.4
24.8
13.6
12.2
12.6
17.6
26.0
22.0
11.8
23.0
19.8
Stocks cold storage end of month
do
'21. 0
Pork (including lard), production, inspected slaugh913.4
1,053.4
1,
053.
9
1,101.4
1,
069.
2
814.8
1,
059.
1
1,
049.
2
1,
005.
3
927.1
974.2
981.2
930.0
933.3
929.6
ter
mil. lb_Pork (excluding lard) :
804.3
696.2
729.1
793.1
744.6
808.5
816.2
612.6
700.7
840.2
762.4
786.0
704.0
713.7
710.7
Production inspected slaughter
do
200.4
268.6
235.6
143.9
153.6
170.2
269.8
243.7
271.1 r 123. 2
239.8
189.1
134.4
107.0 «- 128. 3
Stocks, cold storage, end of month
_ _ d o 268.5
3
9
7.3
6.7
6.4
6.4
6.0
4.9
6.6
4.6
5.9
5.8
7.2
7.1
5.1
5.8
Exports
- -do
12.7
13.5
12.2
13.4
14.3
13.8
14.4
14.0
12.6
14.6
17.6
14.6
12.6
13.2
13.3
Imports
do
Prices, wholesale:
.472
.472
.456
.526
.491
.487
.486
.476
.440
.450
.459
.445
.466 p. 464
.478
Hams smoked composite
$ per Ib
.514
.456
.489
.490
.525
.505
.470
.456
.490
.457
.471
.520
.497
.488
.506
.448
Fresh loins, 8-12 Ib. average (New York)_do
Lard:
184.1
148.5
193. 5
184.4
182.8
158.9
191.5
177.3
166.7
192.4
162.1
167.4
178.8
159.0
160.1
Production, inspected slaughter
mil. lb_
72.4
153.1
149.1
114.3 112.4
141.2
119.1
92.5
83.4
93.5
114.1
149.6
119.8
126.9
99.5
Stocks dry and cold storage, end of mo
do
31.9
26.1
40.5
33.9
57.9
49.4
49.0
41.0
40.0
50.3
51.7
42.3
22.1
33.0
21.8
Exports
do
.121
.125
.143
.138
.133
.131
.135
.158
.158
.125
.128
.125 P. 130
.117
.140
Price, wholesale, refined (Chicago)
$ per lb.
* Old crop only; new grain not reported until beginning of new crop year (July for wheat).
' Revised.
v Preliminary.
3
« No quotation.
* Crop estimate for the year.
2 Nov. 1 estimate of 1961 crop.
Quarterly average.
SURVEY OF CURRENT BUSINESS
November 1961
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1959
| 1960
Monthly
average
S-29
1960
Sept.
Oct.
1961
Nov.
Jan.
Dec.
Mar.
Feb.
May
Apr.
Aug.
July
June
Sept.
Oct.
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
POULTRY AND EGGS
Poultry:
Slaughter (commercial production)!
mil. lb
Stocks, cold storage (frozen), end of month
do
Turkeys
do
Price, in Georgia producing area, live broilers
$perlb._
Eggs:
Production on farms_
mil. casesO-Stocks, cold storage, end of month:
Shell
thous casesO
Frozen
_
_rnil. Ib
Price, wholesale, extras, large (delivered; Chicago)
$ per doz__
496
512
656
718
638
518
477
378
460
491
602
632
629
725
270
123
249
135
293
186
414
282
353
210
301
160
298
169
268
152
229
126
206
108
188
94
209
106
244
128
318
189
.153
.162
.150
.151
.149
.148
.155
.170
.163
.148
.135
.120
.118
.123
14.7
14.2
12.6
13.0
13.1
14.0
14.3
13.5
15.7
15.3
15.4
14.2
13.9
495
474
483
269
96
76
80
49
49
78
238
365
314
87
64
.493
.523
17 6
.290
15 3
.295
3,440
5 083
1,063
54
49
.447
.370
15 5
.293
21.5
.255
33 3
2,078
1,826
784
546
3, 204
5 774
1,828
.369
'136
.368
129
.365
128
103
111
140
114
.312
.372
.458
18 0
.362
20 5
.286
92
734
416
270
542
373
.110
.113
13.5
13.0
13.6
280
r
225
r
145
100
87
.410
r
113
113
.308
.326
.347
.366
.399
39 3
.229
39 8
.230
43 2
.215
48 4
.223
30 5
'.213
16 6
.215
1,771
1,712
519
1,632
1,776
3,211
5 163
1,864
749
3,145
5 321
2,048
.378
103
.373
87
.375
88
.378
80
.375
65
.365
90
.352
132
.340
54
67
.387
.353
.325
31 0
.226
32 5
.205
1,951
1,717
2, 965
5 928
2 234
.366
110
.368
106
.369
106
108
MISCELLANEOUS FOOD PRODUCTS
Cocoa (cacao) beans:
Imports (incl shells)
thous Ig. tons
Price, wholesale, Accra (New York)
$ per lb__
Coffee (green):
Inventories (roasters', importers', dealers'), end
i 2, 832 1 3,108
of quarter
thous. bagscf
* 5 424 i 5 474
Roastings (green weight) quarterly total do
1,839
Imports
do
1,932
From 13rcizil
do
770
880
Price, wholesale, Santos, No. 4 (New York)
$per lb._
.369
. 376
Confectionery manufacturers' sales
__ mil. $
96
100
Fish:
Stocks, cold storage, end of month
mil. lb__
Sugar :
Cuban stocks, raw, end of month
thous. Spanish tons__
United States:
Deliveries and supply (raw basis):
Production and receipts:
Production
thous sh. tons
Entries from off-shore total 9
do
Hawaii and Puerto Rico
do
730
621
642
841
669
776
481
191
222
••238
237
230
204
172
157
150
158
170
189
199
'220
223
2,506
2,640
2,305
2,086
1,661
1,335
1,415
2,325
4,280
4,215
4,430
4,365
4,490
3,725
3,225
2,725
651
868
768
256
128
536
161
463
145
203
141
145
134
773
765
8
778
779
6
843
838
5
1,561
555
1, 750
401
338
237
79
235
289
51
48
55
44
93
45
82
41
362
83
173
118
125
140
739
308
474
332
296
215
310
209
318
242
704
700
5
685
683
721
717
4
630
626
4
651
646
5
765
758
6
686
681
5
969
962
7
831
822
9
984
308
1,365
291
1,946
193
2,327
276
2,337
262
2,209
352
2,124
389
2,012
457
1,785
375
876
866
10
1,003
9
1, 559
591
1,387
608
355
160
88
344
0
25
197
0
42
352
0
46
276
0
35
218
0
57
337
0
104
471
0
164
217
0
117
330
0
141
327
0
120
41
31
36
24
24
6
23
1
.062
.063
.066
$ per 5 lb— .551
$ per Ib
086
thous. lb
9, 140
.553
087
9,598
187 7
120 3
do _
do
$ per lb__
Baking or frying fats (incl. shortening):
Production
mil. lb
Stocks (producers' and warehouse), end of month
mil lb
Salad or cooking oils:
Production
.
do
Stocks (producers' and warehouse), end of month
mil. lb _
Margarine:
Production
do
Stocks (producers' and warehouse), end of month
mil. lb—
Price, wholesale (colored; delivered; eastern U.S.)
$ per lb__
899
195
112
59
Deliveries total
do
For domestic consumption
do
For export and livestock feed
do
Stocks, raw and refined, end of month. do
Export^
sh. tons
Imports:
Raw supar total 9
thous. sh. tons
From Cuba
do
From Philippine Islands
do
Refined sugar, total
From Cuba
Prices (New York) :
Raw. wholesale
Refined:
Retail!
Wholesale (excl excise tax)
Tea import^
863
.226
r
203
183
992
11
1,131
592
P834
1,124
430
0
138
389
0
145
316
0
95
6
8
0
12
20
15
19
(2)
7
0
21
(2)
o
31
0
o
.064
.065
.064
.064
.003
.062
.062
.065
.065
.064
.060
.061
.568
090
9,132
.571
090
8,050
.571
090
7, 845
.589
088
9,710
.573
088
8,993
.573
088
7,734
.574
088
10 630
.573
087
8,997
.573
087
9 331
.574
088
7,699
.580
087
8,830
.573
087 ~V~086~
8,914
8,136
192 7
189.4
205 1
193 5
186 9
199. 1
209 9
211 8
188 6
205 8
185 9
138 0
220 6
203 6
115 2
111.8
117 9
105 2
120 3
106 1
101 1
119 0
132 7
139 1
128 1
102 6
107 3
111 4
146 3
147 4
133.6
138 9
140 7
156. 1
172.4
159 4
184 5
162 4
183 8
170 4
171 8
173 3
161 5
50.2
51.4
41.2
42 6
42.8
57. 1
73.2
110 6
157.8
181.9
190.7
153 7
174 2
142 7
137.6
134.3
141 3
134.6
150 3
148 4
158 3
175. 3
155 9
139 2
128 8
138 7
132 9
123 5
130 5
146 8
35.2
35.4
33.7
32.9
31.4
32.6
35.3
35.9
42.8
34.5
40.5
45.4
36.6
35.6
39.4
3.235
.235
.235
.245
.247
.257
.267
.267
.275
.275
.275
.270
p. 270
27 6
22.6
28 0
27.6
30 7
28.3
27 2
24.7
30 0
26.1
34 9
33.8
35 5
29.5
34 8
29.3
41 3
30.6
37 0
30.6
31 5
27.2
39 6
38.7
34 7
33.5
.250
9
o
o
o
o
.062
FATS, OILS, AND RELATED PRODUCTS
Animal and fish fats: A
Tallow, edible:
Production (quantities rendered)
mil lb
Consumption in end products. _
do
Stocks (factory and warehouse), end of month
mil. lb—
Tallow and grease (except wool), inedible:
Production (quantities rendered)
do
Consumption in end products
do
Stocks (factory and warehouse), end of month
mil lb
Fish and marine mammal oils:
Production
do
Consumption in end products
do
Stocks (factory and warehouse), end of month
mil. lb.
26 8
23.7
27 7
24.6
26.3
25.2
27.0
24.7
24.8
26.4
24.9
24.2
26.3
25.5
31.2
31.0
33. 5
29.7
25.2
265.2
147.9
252.1
151 6
254.3
157. 5
249.6
161 5
257.8
151 8
251.8
147 0
261.1
141 9
249.9
136 6
290.5
150 6
275. 4
145 8
308.8
150 1
310.4
155 4
280.5
106 0
r 318. 4
152 2
290.3
146 5
315 2
319 3
342 7
339 6
330 8
304 8
338 4
347 1
348 5
333 7
349 8
329 1
371 0
374 6
383 1
15 8
16 5
8 4
29 5
9 1
22 7
83
9 0
85
7 8
8 5
5
3
5
8 4
9 4
32 8
10 9
47 2
11 3
56 6
10 0
r 49 1
9 3
33
9 7
23 4
7 9
7.7
93.4
109.5
120.1
87.1
96.0
' Revised.
v Preliminary,
i Quarterly average.
2 Less than 500 tons.
3 Beginning Sept. 1960, prices are based on a new specification and are not entirely comparable with those for earlier periods.
^Revisions for Jan.-Aug. 1960, are shown in the Oct. 1961 SURVEY.
89
84.2
92.3
71.8
108.9
73.3
85.6
155.7 ' 123. 3 141.7
O Cases of 30 dozen.
cfBags of 132.276 lb.
9 Includes data not shown separately. § Price for New York and Northeastern New
Jersey.
AFor data on lard, see p. S-28.
84.3
SURVEY OF CURRENT BUSINESS
S-30
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1959
1960
Monthly
average
November 1961
1960
Sept.
Oct.
1961
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Pjpt. i Oct.
I
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
1
FATS, OILS, AND RELATED
PRODUCTS— Continued
Vegetable oils and related products:
Vegetable oils (total crude and refined) :
Exports
_
_
mil lb
Imports
_ _do _
Coconut oil:
Production:
Crude
do
Refined
_
do
Consumption in end products
do
Stocks, crude and refined (factory and warehouse), end of month _
_
mil. lb__
Imports
do
Corn oil:
Production:
Crude
_
._ _. _
do
Refined
do
Consumption in end products
do
Stocks, crude
and refined (factory and warehouse), prid of month
mil lb
Cottonseed cake and meal:
Production
_
thous. sh. tons_Stocks (at oil mills), end of month
do
Cottonseed oil:
Production:
Crude
mil. lb
Refined
do
Consumption in end products
do
Stocks, crude and refined (factory and warehouse) ,
end of month
mil lb
Price wholesale (drums* N Y )
$ per lb
131.8
44.7
142 4
43.9
59.4
52.5
71.2
47.6
138.3
40.2
156.0
48.1
129.9
38.7
86.8
46.5
49.4
41.0
149 1
36.2
72 2
45.4
121 0
30.5
84 4
56.2
99 7
48 8
56 4
50 9
37.2
32.1
50.0
41 3
33.3
49.8
35.9
32.6
49.5
45 8
36.3
53.1
44.8
35.4
48.0
46.2
30.0
42.6
50.6
31.4
45.3
37.2
29.9
43.8
33.7
35.2
51.4
29 7
37.9
54.0
43 9
43 9
62.6
38 0
45.2
60.9
45 9
38 7
50 9
47 0
47 2
63 2
44 8
37 5
51 1
49. 9
16.4
1321.9
13 0
322.6
16 5
321.2
15 6
328.5
16. 1
338.6
16.3
357.9
13.8
340.3
12.5
339.8
6.6
316.6
6 7
306.4
11 4
289.0
5.2
295.7
17 4
294 3
15 6
300 8
12 1
26.8
25 6
25.4
27.5
25 7
26 3
27.4
25 5
26.5
28.0
27 6
29.3
26.8
25. 1
29.2
24.2
24 3
25.3
25.6
27.9
24.9
24.6
24.5
25.2
27.1
26.5
26.8
28.1
26 3
24.8
29.5
25 3
25.7
30.0
25 8
25.4
26.9
24 1
24 7
30 7
31 5
31 1
29 1
29 0
30 5
29.1
35 2
38.7
37.9
33.4
33.2
32.8
32.7
36.4
36.5
42.9
40.5
40.5
35. 1
33 2
190.4
120 8
207.8
172 4
189.3
137.1
352.2
167 9
345.7
199.7
287.5
197.8
309.8
227.2
247.4
239.6
224.9
272.0
189.3
270.5
138.1
245.5
85.0
196.9
66.6
142 6
68.6
89 4
149 6
7.3 3
140.6
106 2
91.2
151.4
121 4
102 1
133.3
71 5
91.8
257. 5
160 7
109 0
249. 0
176.7
112.2
205. 8
159 4
113.7
223.8
172.9
119.7
179.0
149.0
118.6
163.5
166.9
128.6
137.7
138.2
107.8
100.8
118 6
108.6
60.4
80.0
102.5
48.1
55 9
86 5
48.9
47 8
105.4
109 4
63 2
90 3
338.6
384 4
151
216.8
145
322 6
148
389.6
156
425.8
159
433.5
. 170
463.4
.180
447.6
.184
432.6
194
379.1
.201
313.1
184
249.8
195
182.8
.191
170 4
v 193
Linseed oil:
26.1
37 9
33 3
30 8
31.4
36 4
34 8
40 6
43 0
38.6
41 7
Production crude (raw)
mil lb
45 0
40 7
33 7
30 6
27.3
35.3
35.7
31.3
25.5
26.4
32.6
35.2
38.0
37. 5
32.0
31 7
25.8
33 0
Consumption in end products
do
30 0
Stocks, crude and refined (factory and warehouse) ,
104.3
92.9
96.9
104.3
106.7
105.1
103.2
94.3
87.4
90.6
71.0
80 6
end of month
mil lb
128. 6 110 8
96 8
.123
.130
.131
.153 v . 156
.126
.131
.131
.131
.125
.137
.158
.126
.124
Price, wholesale (Minneapolis)
$ per lb
.131
Soybean cake and meal:
Production
mil. lb 1, 565. 8 1, 525. 3 1,239.6 1, 642. 0 1, 715. 8 1, 767. 4 1, 783. 2 1, 593. 0 1, 603. 4 1, 517. 8 1, 562. 2 1, 469. 4 1, 433. 6 ••1,384.8 1, 059. 4
225.0
204.6 260.0 327.2 356.8 432.6 425.0 390.6 403.2 342.2 142.8
185.6
187.6
158.6
Stocks (at oil mills), end of month
do
208.6
Soybean oil:
Production:
377.6 381.1 362.9
377.0
414.2
352.8 345.1 333.9 253.3
418.7
362.0 366 0 298.4 391.3 404.5
Crude
do
279.5 295 1 326 0 298.5 319.5 291 2 313.3 270.2 230 3 291.9 284 0
264 3 271 8
285 2
Refined
do
281 7
265 4
275 3 263.5
283.6 310.9 280.8 296.1 261.8 289.5 266.5 237.8 280.3 292.5
Consumption in end products
do
275.0
276 1
Stocks, crude and refined (factory and warehouse),
537.2 624.7
466.4
710.0
761.9
773.2 765.6 677.2
517.4
675.8
307.5 366.3 446.0
end of month _
mil. lb__ 433.0 467.5
.173
.151 '.153 p 148
133
144
143
.164
.174
.169
.156
129
.153
129
Price wholesale (refined' N Y )
$ per lb
TOBACCO
Leaf:
Production (crop estimate)
mil lb
Stocks dealers' and manufacturers', end of quarter total
mil lb
Exports, incl scrap and stems
_ thous. lb_.
Imports incl scrap and stems
do
Manufactured:
Production total
do
Consumption (withdrawals) :
Cigarettes (small):
Tax-free
millions
Tax-paid
_ _.
do
Cigars (large) tax-paid
do __
Manufactured tobacco and snuff, tax-paid
thous. lb—
Exports cigarettes
millions. _
2 i 796 2 i 943
4 4 669 4 4 573
38, 801 41,264
12,640 13, 302
32 008
15,853
11, 326
16, 391
15, 638
3,642
42, 354
523
3,173
37,151
482
3,459
44, 353
602
3,685
44, 036
536
2,819
35, 922
533
3,598
47,166
593
3,100
39, 584
549
15,554
1,921
13, 660
1,886
15,556
1,926
15,339
1,862
12, 047
1,913
15, 889
1,644
14, 931
1,970
2,997
33, 793
365
3,083
38, 916
475
2,854
37, 447
441
12,372
1,967
13, 991
1,733
12,626
1,606
3,221
40, 899
582
3,491
39, 836
577
3,206
40, 320
671
14,148 >• 14, 506
1,706
1,686
14, 543
1,939
14, 504
1,989
14, 309
1,631
15, 707
15,916
12, 380
3 083
39,178
543
14, 076
13, 053
14, 642
2 986
37, 807
539
36,615
15.931
14, 456
14,910
14, 442 '15,118
28, 087
12. 452
25,110
14,048
22, 423
14,162
14, 639
23, 647
15, 484
4,531
81, 762
13,071
24, 674
15,061
84, 587
12,340
81,103
14,341
4 268
27, 283
14,649
4,671
28, 740
13, 231
4 784
44, 574
12, 597
4 476
82, 922
13,335
LEATHER AND PRODUCTS
HIDES AND SKINS
Exports:
Value, total 9
thous. $..
Calf and kip skins.
thous. skins..
Cattle hides
thous. hides_.
Imports:
Value, total9
thous. $__
Sheep and lamb skins
thous. pieces._
Goat and kid skins
do
Prices, wholesale (f.o.b. shipping point):
Calfskins, packer, heavy, 9^/15 lb
$ per lb..
Hides, steer, heavy, native, over 53 lb
do
5,234
159
340
6,367
177
574
5,042
142
514
248
646
8,793
183
921
7,106
253
692
7,849
233
740
6,496
279
605
9,288
390
837
6,456
256
523
6,350
172
569
6,041
179
537
7,537
193
699
7,284
169
629
6,390
190
487
7,269
2,856
2,118
5,886
2,308
1,605
4,173
1,573
1,306
4,955
1,665
1,288
3,856
1,088
1,278
3,936
980
1,126
4,423
1,775
1,246
3,407
804
849
7,304
5,127
1,338
5,860
3,384
1,171
5,832
2,648
1,341
6,238
2,756
1,736
6,682
3,182
1,465
4,396
1,659
1,277
5, 576
2, 545
1,081
.658
.193
.561
.139
.525
.138
.550
.138
.550
.133
.575
.128
.575
.118
.575
.113
.625
.143
.625
.143
.650
.148
.600
.143
.625
.159
.650
•-.178
p. 650
p. 178
589
1,900
1,371
2,502
617
1,934
1,338
2,843
593
1,815
1,183
2,367
562
1,820
1,344
2,354
561
1,789
1,071
2,442
528
1,976
1,264
2,567
1,870
1,175
2,473
556
1,956
1,420
3,008
589
1,974
1,462
2,850
341
• 1, 534
1,030
2,209
567
2,075
1,048
3,161
492
1,855
1,111
2,635
4,277
4,149
4,168
4,403
3, 875
3,738
4,274
4,993
4,351
5,611
5,158
4,292
6,017
4,258
5,504
4,336
5,040
4,241
5,388
4,007
5,599
4,895
.673
.677
.673
.683
.690
.697
.697
.700
-.735
p . 740
1.363
1.390
p 1.398
LEATHER
Production:
532
548
528
Calf and whole kip...
._
_thous. skins._
Cattle hide and side kip_..thous. hides and kips.. 1,931 1,831 1,911
Goat and kid_.
.thous. skins.- 1,900 1,570 1,410
2,493
2,671
2,540
Sheep and lamb_
do
Exports:
Glove and garment leather
thous. sq. ft— 1,723 2,879 2,725
2,909 3,449 3,960
Upper an.d lining leather
do
Prices, wholesale:
.683
.855
.703
Sole, bends, light, f.o.b. tannery
$ per lb__
Upper, chrome calf, B and C grades, f.o.b. tan1.303
nery
--$ per sq. ft.. 1.342 1.319
' Revised.
» Preliminary.
2
Crop estimate for the year.
* Average based on 9 months (Apr.-Dec.).
.680
.663
1.313
1.313
1.443 1.443
1.353
1.373 1.387 1.400 1.417
3
4
Nov. 1 estimate of 1961 crop.
Quarterly average.
9 Includes data for items not shown separately.
SURVEY OF CURRENT BUSINESS
November 1961
1959
Unless otherwise stated, statistics through 1960
and descriotive notes are shown in the 1961
edition of BUSINESS STATISTICS
S-31
1960
1960
Monthly
average
Sept.
Oct.
1961
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
LEATHER AND PRODUCTS—Continued
LEATHER MANUFACTURES
Shoes and slippers:
Production, total
thous pairs
Shoes, sandals, and play shoes, except athletic
thous pairs
Slippers for housewear
do
Athletic
_do
Other footwear
do
53, 114
49, 870
48, 868
47, 476
45, 652
43, 023
50, 659
50, 305
57, 561
47, 021
48, 670
50, 088
42, 157
57, 146
47, 646
45 348
6 558
42, 589
6 216
40, 001
7 734
36, 194
8 301
37, 956
3 949
46, 809
3 115
46, 241
3 328
51, 597
4 915
41, 244
4,795
42, 211
5,490
42, 554
6 235
36, 778
4 682
47, 612
8 483
38, 124
8 526
584
482
563
570
37, 812
8 510
242
199
217
241
210
134
129
191
252
179
135
169
139
202
184
130.8
134.7
133.5
133. 5
133.5
133.5
133.5
133.5
133.5
133.5
133.5
133.5
133.5
133.5 p 133. 5
142.4
129 2
146.7
133 7
146.7
133 7
146.7
133 7
146.7
133.7
146.7
133.7
146.7
134 8
146.7
134 8
146.7
134.4
146.7
134 4
146.7
134 4
146.7
134.4
146.7
134.4
' 147. 1 v 147. 1
134.4 Pl34 4
641
566
Exports
- - do
Prices, wholesale, f.o.b, factory:
Men's and bovs' oxfords, dress, elk or side
upper, Goodyear welt
1947-49=100
Women's oxfords, elk side upper, Goodyear
welt
1947-49=100
~W omen's pumps low-medium quality do
601
553
588
569
530
588
439
296
432
304
573
476
524
458
528
441
695
604
302
395
468
583
444
552
LUMBER AND MANUFACTURES
LUMBER— ALL TYPES
National Lumber Manufacturers Association:
Production, total!
mil. bd. ft__ ' 3,r 114 r 2, 874 ' 2, 985 ' 2, 775 ' 2, 524 ' 2, 229 ' 2, 255 2,302 '2,688 ' 2, 585 ' 2, 984 ' 2, 864 ' 2, 476 3,047
421
404
'509
'431
400
' 511 ' 549
330
513
381
388
Hardwoods
do
558
381
377
Softwoods
__ _
_
. do
2,556 ' 2, 361 ' 2, 474 ' 2, 226 ' 2, 015 ' 1, 798 ' 1, 855 1,881 ' 2, 284 ' 2, 255 ' 2, 603 ' 2, 476 ' 2, 095
2,670
2,829
398
2,431
' 3,T 102 ' 2, 803 ' 2, 880 ' 2, 675 ' 2, 440 ' 2, 320 ' 2, 262 ' 2, 257 ' 2, 844 ' 2, 766 ' 3, 036 ' 2, 905 ' 2, 563 3,010
'424
'474
452
384
'495
466
410
428
404
407
555
505
404
423
2,547 - 2, 298 ' 2, 406 ' 2, 180 ' 1, 974 ' 1, 896 ' 1, 852 ' 1, 829 ' 2, 392 ' 2, 382 ' 2, 632 ' 2, 498 ' 2, 159
2,587
2,784
438
2,346
Shipments, total!
Hardwoods
Softwoods
__
. do
do
do
Stocks (gross), mill, end of month, total!— .do
Hardwoods
do
Softwoods
do
Exports total sawmill products
Imports, total sawmill products
r
6, 950
••1,911
r
5, 039
do
do
SOFTWOODS
Douglas fir:}:
Orders new
mil bd ft
Orders, unfitted, end of month .
__ do
Production
do
Shipments
__
do __
Stocks (gross), mill, end of month___
_do
Exports, total sawmill products
do
Sawed timber
do
Boards, planks, scantlings, etc
do
Prices, wholesale:
Dimension, construction, dried, 2" x 4", R. L.
$ per M bd ft
Flooring, O and better, F. G., 1" x 4", R. L.
$per M bd. ft..
Southern Pine:
Orders new!
_
mil bd ft
Orders, unfilled, end of month
do._
Productioii!
do
Shipments!
-_
__do_Stocks (gross), mill and concentration yards, end
of month
mil. bd. ft..
Exports, total sawmill products
M bd. f t _ _
Sawed timber.,. __
do
Boards, planks, scantlings, etc..
do
Prices, wholesale, (indexes) :
Boards, No. 2 and better, 1" x 6", R. L.
1947-49=100..
Flooring, B and better, F. G., 1" x 4", S. L.
1947-49= 100__
Western pine:
Orders newt
mil. bd ft
Orders unfilled, end of month
do
Production! _
do
Shipments!
__ _
do
Stocks (gross), mill, end of month!
do
Price, wholesale, Ponderosa, board.s, No. 3, 1" x
12" R. L (6' and over)
$ per M bd ft
'r 7, 880 '8,115 ' 8, 215 ' 8, 299 ' 8, 207 ' 8, 201 ' 8, 246 ' 8, 089 ' 7, 909 ' 7, 858 ' 7, 817 ' 7, 731 ' 7, 766 7,810
1,841
1,916 ' 1, 969 ' 2, 023 ' 2, 066 ' 2, 073 ' 2, 063 ' 2, 056 ' 2, 008 ' 1, 954 ' 1, 931 ' 1, 912 ' 1, 889
1,801
r
5, 964 ' 6, 146 ' 6, 192 ' 6, 233 ' 6, 134 r 6, 138 ' 6, 190 ' 6, 081 ' 5, 955 ' 5, 927 ' 5, 905 ' 5, 842 ' 5 925 6 009
66
340
72
328
74
345
69
332
62
312
69
258
50
256
53
262
62
340
56
335
87
438
68
397
••759
••643
' 757
'750
••915
666
533
696
691
659
440
706
705
615
426
623
629
618
436
598
608
576
412
553
600
' 561
422
'550
445
'876
586
1,146
1,130
1,114
1,066
'636
529
' 661
'694
' 1, 127 '
'698
491
' 757
'736
1, 149 '
'728
505
' 723
'714
1, 158
32
17
15
33
14
20
26
12
14
28
16
12
24
12
12
21
8
13
29
11
17
25
14
11
29
13
16
21
8
14
24
13
10
26
13
13
73
431
66
372
594
499
537
600
1,096
678
466
711
711
1,096
583
424
638
625
1,108
20
9
11
22
10
12
23
12
11
81 13
80.06
79.05
78.37
78.81
77 68
76.98
78 23
81 36
80 01
79 42
79 52 ' 79 90 p78 93
U30.03
129. 73
128. 68
128. 25
127. 40
127. 40
126. 96
125. 64
126. 06
125. 36
124.05
124.05 '123. 01 pl22. 57
' 575
'517
'530
'521
'479
r 447
'481
' 573
'575
r
r
' 530
'484
'446
'444
'452
'450
'440
209
'430
'427
'665
278
'549
'596
550
290
52?
538
591
256
613
625
548
227
579
577
522
213
512
536
632
225
600
620
578
221
561
582
2, 030
3,962
905
3,057
240
r
1,124
'618
'580
'708
' 551 ' 527
'735
' 1, 134 ' 1, 187 ' 1, 159
61
406
191
548
518
174
'r 551
554
167
'550
'528
162
165
196
1,743
6, 528
1,290
5,238
2,047
7,794
1,962
5,833
2,093
6,426
1,273
5,153
2,115
7,042
2, 375
4,667
2,161
6,136
903
5,233
2,163
5,833
1,521
4,312
2,165
4,725
686
4,039
2,168
5,C81
1,186
3,895
2,121
5,242
783
4,459
2, 105
5,065
833
4,232
2,093
7,342
1,116
6,226
2,095
6,556
1,700
4,856
2,071
5,070
768
4,302
2,051
8, 465
3,549
4,916
118.1
113. 5
110.3
108.9
107.2
107.1
105.7
103.9
105.2
106.6
106.9
106.8
106.7
106.8 P 106. 9
94.7
94.5
93.6
93.6
93.4
93.4
92.7
92.5
92.5
92.4
92.8
92.8
92.3
92.1
"92.3
»-822
422
••827
"•825
1, 658
'719
'743
'673
' 569
'630
'747
'725
' 1, 957
'816
'760
2 102
'713
'699
2,116
'587
' 584
2,119
'565
'606
2,078
'569
342
321
' 512
'580
' 580 ' 590
2 000
2 010
'865
489
'671
' 695
1 976
' 749
455
'722
' 784
1 914
812
388
843
879
1 878
775
355
780
807
1 851
723
372
732
706
1 877
809
324
942
857
1 962
770
317
858
777
2 043
78.41
74 86
69.67
69.65
69.56
68. 75
70 16
70 22
69.72
69 89
73 37
73 77
72 14
68 81 *>68 81
3 4
12.3
33
3 4
10.4
3 2
11.6
30
31
2.9
11.2
3 2
3 4
10.2
30
8.2
3.1
2.7
8.6
30
11.0
2 9
2 5
9.3
30
11.4
2 6
2 7
9.3
3 4
11.4
30
30
9.3
38
12.5
2 8
2 7
9.3
34
12.8
31
3 *>
9.2
35
12 0
32
4 3
8.2
32
12 0
28
30
7.8
31
11 0
37
37
7.8
32
10 9
34
29
8.0
81 6
57.5
82 0
81 8
71.6
69
38
73
70
95
0
5
2
6
6
72 2
34.9
76 2
75 7
92,4
65.9
32.5
74 3
70.9
94.6
59.6
29.0
70.0
65.1
99.2
63
35
70
70
99
59 3
34 3
58 6
62 1
95 g
77
36
75
74
96
68
37
66
68
93
244.2
212.6
208.0
359
348
322
308
332
'590
HARDWOOD FLOORING AND PLYWOOD
Flooring:
Maple, beech, and birch:
Orders, new
__
_
mil. bd. ft
Orders, unfilled, end of month
do
Production
_ do _
Shipments
do
Stocks (gross), mill, end of month.
__do
Oak:
Orders, new
do
Orders, unfilled, end of month
do ..
Production
do
Shipments
_ _
do
Stocks (gross), mill, end of month.
do__ _
Plywood (except container and packaging), qtrly.
total:
Shipments (market)
rail.
sq. ft., surf, rneas..
' Revised.
* Preliminary.
i Average for 9 months (Apr.-Dec.).
9.7
2.6
8.3
2.5
3.0
3.0
10.5
10.6
2.8
2 6
8.8
53.5
26.4
62 4
54.8
106.8
57
27
62
56
112
3
9
7
8
7
54
30
56
53
114
3
3
6
5
8
83
43
66
70
110
2
5
6
3
3
68
47
60
68
100
5
3
7
5
4
62
41
73
70
102
0
2
6
0
3
9
4
8
6
3
3
8
3
8
4
1
g
7
3
4
192.5
I Revisions for 1959-1960 appear on p. 24 of this SURVEY; revisions for 1948-1958 for stocks,
all types of lumber, and for Western pine stocks are available upon request.
SURVEY OF CURRENT BUSINESS
S-32
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1959
1960
Monthly
average
(November 1961
1961
1960
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
METALS AND MANUFACTURES
IRON AND STEEL
Foreign trade:
Iron and steel products (excl. advanced mfs. and
ferroalloys) :
Exports, total 9—
thous. sh. tons..
Steel mill products
do __
Scrap
do
562
140
411
857
248
591
907
228
655
953
231
683
1,009
234
733
771
162
571
770
132
584
948
147
777
969
168
780
888
138
683
1,319
159
1,118
1,579
146
1,388
1,156
169
931
1,055
150
848
976
165
769
470
366
26
341
280
15
299
207
15
268
180
12
239
199
11
231
189
17
179
145
19
177
152
14
249
211
20
274
235
22
321
266
17
351
277
18
359
300
11
378
307
3
377
269
36
Production and receipts, total
thous. sh. tons__ 5,536
Home scrap produced
_
do . _ 3,115
2,421
Purchased scrap received (net)...
do
5, 475
3,300
2, 175
4, 536
2,736
1,800
4,896
2,829
2,066
4,370
2,645
1,725
3,959
2,408
1,551
4,164
2, 523
1,642
4,114
2,505
1,608
4,999
2,914
2,086
5,071
2,936
2,135
5, 782
3,381
2,401
5,617
3, 365
2,252
4,958 ' 5, 623 v 5, 690
3,016 ' 3, 466 p3, 513
1,943 r 2, 157 ?2, 176
Consumption, total
do
Stocks, consumers', end of mo
__ __
do __
Ore
Iron ore (operations in all U.S. districts):
Mine production
thous Ig. tons
Shipments from mines
do _
Imports
do
5 505
9,467
5,539
9,487
4,646
9,514
4,901
9,513
4,413
9,472
4,187
9,252
4, 546
8,876
4,397
8,591
4,983
8,613
5,226
8,465
5,974
8. 293
5, 530
8, 385
4,811 r 5, 580
8, 528 r 8, 569
4,915
4,899
2,969
7,320
7,014
2,883
8,789
9,252
3,070
6,423
7,426
2,593
3,959
3,783
2,011
3,672
1,142
1,527
3,332
1,110
1,634
3,281
1, 150
1,662
3, 597
1, 385
1,226
3,593
1, 565
1,227
6, 604
6,187
2,041
7, 627
7,867
247
64, 773
11, 154
47, 316
6,302
9,396
8,522
436
70, 534
11, 338
53, 350
5, 846
11,049
6, 356
849
83, 699
9,581
67, 634
6,484
9,906
6,694
466
86, 241
8,579
70, 846
6,816
5,867
6,362
126
85, 849
8,755
70, 351
6,743
2, 660
5,895
89
85, 237
11, 282
67,116
6,839
2,602
6,218
92
84, 744
14, 356
63, 500
6,888
2,448
6,060
51
83, 236
16, 471
59, 887
6,878
2,897
6, 953
77
81,114
18, 674
55, 831
6,609
2, 756
7,113
134
78, 565
20, 705
51. 474
6, 386
91
99
109
85
89
94
81
93
78
5, 027
5, 149
5, 556
5, 552
4,108
4,274
4,473
4, 500
4,138
4. 116
3,841
3,838
4,039
4,125
3, 937
4, 053
3, 446
3,471
3,617
3,659
3,710
3,770
3,685
65. 95
66. 00
66.50
65. 95
66. 00
66. 50
65. 95
66. 00
66.50
65. 95
66.00
66.50
05. 95
66.00
66. 50
65. 95
66. 00
66. 50
849
1, 026
583
739
966
534
695
900
527
647
905
500
569
836
455
89
76
46
73
68
39
69
63
36
57
64
35
7,787
96.2
8,273
101.9
6, 458
80.9
268
118
93
231
116
89
386
114
89
317
106
79
Imports total 9
Steel mill products
Scrap.
__ _ _
do
do
do
Iron and Steel Scrap
U.S. and foreign ores and ore agglomerates:
Receipts at iron and steel plants
Consumption at iron and steel plants
Exports
_
Stocks total end of mo
At mines
At furnace yards
_
At U S docks
do
do
do
do
do
do __
do
Manganese (mn. content), general imports __. do
v 5, 579
p 8, 679
8, 538
7,876
10, 035 10,718
2,186 «• 2, 727
9,076
10. 931
3,275
7,139
8, 313
372
77, 715
21, 167
50, 252
6.296
11, 302
8,545
763
78, 723
19.589
53,019
6,115
12, 681
8,518
662
80, 005
16, 757
57, 292
5, 956
13,483
8. 767
1,124
82, 718
14. 908
62, 008
5,802
65,211
5,756
36
142
64
92
63
68
4, 514
4,634
4,680
4,839
5, 646
5,864
5, 687
5,871
5, 597
5,628
r
3,611
3,559
3,404
3,190
3,059
3, 065
r
65. 95
66. 00
66. 50
65. 95
66. 00
66.50
65. 95
66. 00
66.50
65. 95
66. 00
66.50
65. 95
66. 00
G6. 50
65. 95
66. 00
66. 50
65. 95
66. 00
66.50
65. 95
66. 00
66.50
553
749
395
600
760
406
621
702
378
652
856
497
645
869
504
651
982
572
666
1 027
606
679
804
474
686
932
572
56
63
35
55
57
32
52
58
34
48
51
30
45
58
34
48
56
31
52
68
40
52
67
40
66
42
27
63
65
41
6, 868
83.3
6.172
77.3
5, 840
70.8
6,416
77.8
6,239
83.7
7,086
85.9
7, 585
95.0
8, 981
108.9
8, 552
107.1
8,092
98.1
199
104
80
186
103
80
174
100
78
163
108
87
157
96
77
145
93
72
144
107
83
147
94
71
157
103
79
151
109
84
152
77
57
302
94
70
277
97
73
265
93
67
268
90
64
266
95
69
263
89
64
262
96
70
264
96
70
262
105
78
259
108
80
280
72
54
2, 565
12,116
8,965
690
Pig Iron and Iron Manufactures
Pig iron:
Production (excl. blast furnace production of ferroalloys)—
thous. sh. tons..
Consumption
do
Stocks (consumers' and suppliers'), end of mo.
thous sh tons
Prices:
Composite $ per Ig. ton_
Basic (furnace)
do
Foundry No 2 Northern
do
Castings, gray iron:
Orders, unfilled, for sale, end of rno.
thous. sh. tonsShipments totaled1
do
For salecf
do
Castings, malleable iron:
Orders, unfilled, for sale, end of mo.
Shipments total
For sale
do
do
6,019
5, 764
5, 876 f 6, 105
3, 045 ^2,961
no. 95
P66.00
J> 66. 50
65.95
8, 661 r 8, 915
105.0 "• 111.7
pp, 170
Mil. 1
Steel, Crude and Semimanufactures
Steel ingots and steel for castings:
Production
...
thous. sh. tons..
Index
1957-59=100-Steel castings :
Orders, unfilled, for sale, end of mo.*
thous. sh. tcns__
Shipments total
do
For sale total
do
Steel forgings (for sale) :
Orders unfilled end of mo
do
Shipments total
do
Drop and upset
do
Prices:
Composite, finished steel (carbon)
$ per lb~
Steel billets, rerolling, carbon, f.o.b. mill
$ per sh. ton..
Structural shapes (carbon), f.o.b. mill.— $ per lb-_
Steel scrap, No. 1 heavy melting:
Composite (5 markets) §
$ per Ig. ton..
Pittsburgh district
do
157
102
80
r
281
'97
'72
283
99
74
.0698
. 0698
.0698
.0698
.0698
.0698
.0698
.0698
.0698
.0698
.0698
.0698
.0698
.0698
.0698
95.00
.0617
95.00
.0617
95. 00
.0617
95.00
.0617
95.00
. 0617
95.00
.0617
95. 00
.0617
95.00
.0617
95.00
.0617
95.00
.0617
95.00
.0617
95. 00
.0617
95.00
.0617
95.00 v 95. 00
.0617 * . 0617
39.23
40.00
32.95
33.00
31.87
30.50
29.52
28.50
28.33
27.00
28.66
27.00
i 32. 04
30.00
33.38
32.00
36.50
35.00
38.94
37.00
36.63
35.00
38.49
37.00
37.77 r 39. 05 ^40.64
36.00 "38.00
36.00
2,094
1,947
1,609
1,755
1, 607
1,847
1,378
1,715
1,295
1, 711
1,234
1, 604
1, 438
1,639
1,529
1,634
1, 588
1,937
1,623
1,797
1,450
1, 959
1,553
1,968
1,541
1,759
1,523
2,047
412
245
358
402
246
343
555
392
484
419
274
358
319
189
272
346
196
298
289
171
237
292
171
239
374
217
312
371
218
304
416
244
349
455
265
384
472
291
408
632
441
555
.0698
Steel, Manufactured Products
Barrels and drums, steel, heavy types (for sale) :
Orders unfilled end of mo
thous
Shipments
do
Cans (tinplate), shipments (tons of metal consumed), total for sale and own use
thous. sh. tons..
Food
do
Shipments for sale
do
Steel products, net shipments:
4,944
4,516
4,983
Total (all grades)
thous. sh. tons.. 5,781 5,929
183
176
239
235
180
Semifinished products
do
367
324
397
438
369
Structural shapes (heavy), steel piling-.. do
388
405
373
485
511
Plates
do
58
51
50
99
105
Rails and accessories
do
1
' Revised.
v Preliminary.
See note marked "§".
9 Includes data not shown separately.
c? Revisions for 1959 are available upon request.
* New series (Bureau of the Census). Monthly data prior to Aug. I960 are available upon
request.
6,139
5, 121
6,058
5,047
5, 133
6,048 6.134
4,116
4,638
4,251
241
158
204
221
195
217
166
171
171
179
424
378
437
437
384
377
308
440
321
320
544
495
451
395
489
378
478
458
488
378
64
62
63
94
84
64
83
58
83
46
§ Effective Jan. 1961, the composite reflects new weights; prices beginning Jan. 1961 are not
comparable with earlier prices.
SURVEY OF CURRENT BUSINESS
November 1961
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1959
1960
Monthly
average
S-33
1960
Sept.
Oct.
1961
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
METALS AND MANUFACTURES—Continued
IRON AND STEEL— Continued
Steel, Manufactured Products— Continued
Steel products, net shipments— Continued
Bars and tool steel, total
thotis. sh. tons .
Bars' Hot rolled (incl light shapes)
do
Reinforcing
do
Cold
finished
_. ... do _ _ _
Pipe and tubing
do
Wire and wire products
_ _do _
Tin mill products, _ _ _ _ _ _
do
Sheets and strip (incl. electrical), total do
Sheets: Hot rolled
do
Cold rolled
do
Fabricated structural steel:
Orders, new (net)
thous. sh. tons _
Shipments
do
Backlog, end of year or mo
_
do
885
578
181
117
693
280
486
2,246
654
1,063
884
576
185
115
588
248
503
2,417
666
1,206
768
465
208
88
543
244
425
2,075
585
1,026
806
487
229
84
483
224
363
2,039
581
1,004
730
464
176
85
432
204
308
1,845
500
906
621
392
148
75
407
182
288
1.695
450
866
669
436
141
86
489
197
577
1,790
485
872
627
402
141
77
425
190
466
1,599
454
743
758
471
189
91
544
251
528
1,825
491
847
800
470
237
88
566
266
524
1,889
520
885
904
572
220
105
647
301
609
2,361
657
1,126
929
576
238
108
739
299
605
2,319
650
1,079
793
480
224
84
615
232
543
1,889
514
861
942
599
231
106
781
287
605
2,336
632
1,065
931
595
228
101
694
278
485
2,387
662
1,089
304
275
2, 516
299
322
2,333
291
364
2,326
246
353
2,291
269
325
2,278
249
277
2,333
308
262
2,371
257
260
2, 357
296
292
2, 392
309
319
2,378
392
365
2,458
298
361
2,415
456
287
2,517
385
359
2,378
408
326
2,729
162.8
i 29 9
167.9
127.3
162.9
31 0
167.0
32.0
161.2
29.0
165.5
28.0
161.4
29.0
138.6
25.0
152.0
28.0
144.6
30.0
157.5
34.0
159.1
34.0
164.7
28 0
167.0
36.0
159.6
20.2
4 2
10.1
12.7
3.1
23.7
10.5
2.7
15.9
16.1
3.2
10.8
14.4
2.7
22.5
11.3
3.4
26.2
10.8
3.3
16.6
8.6
3.5
12.2
15.5
4.7
12.3
12.4
3.3
8.0
16.8
4.2
6.9
17.1
3.6
13.5
15.3
4. 1
14.4
21.9
4.6
7.8
19.5
4.2
6.8
125.8
.2475
185.3
.2600
225.9
.2600
248.4
.2600
257.1
.2600
259.5
.2600
291.4
.2600
287.4
.2600
277.9
.2600
266.4
.2600
252.9
.2600
247.5
.2600
256.9
.2600
259.2
.2600
255. 4
.2550
413 4
282 2
147.4
65 5
388 1
254.0
136.4
62.6
358 8
253 2
134.0
62 1
369 8
246.4
128.4
63.8
369.7
236.9
127.8
63.4
378.5
226.4
121.6
63.6
341.6
241.3
131.9
60.8
349.3
232.5
124.6
57.1
396 6
281.3
151.3
62.5
361.2
268.6
143.2
60.3
425.0
295.3
155.7
63.3
423.2
304.3
159.2
64.4
'373 9
'263. 2
'139.4
'48 6
425 5
302 1
159.3
65 1
68
91
66
25
19
7
5
4
2
5
90.0
126.6
93 4
33.1
23.0
97 5
139.4
101 0
38.4
24 6
100.4
128.2
93.4
34.8
25.6
98.1
131.9
99.6
32.3
20.5
96.8
133.3
101.6
31.7
21.3
97.3
127.4
89.3
38.1
24.7
88.3
120.0
86.0
34.0
18.7
100 4
140.1
107 3
32.7
21 5
90.9
128.7
102.3
26.4
24.2
102.4
137.8
106.1
31.7
25.8
98.9
138.1
107.6
30.5
24.9
89 6
119.3
88 9
30.4
18 4
'83 6
128 9
96 0
32 9
20 4
98 7
118.7
PO. 8
27.8
19.0
39.3
4.7
50 4
4.7
26 7
59
30 2
5.9
NONFERROUS METALS AND PRODUCTS
Aluminum:
Production, primary (dom. and foreign ores)
thous sh. tons
Estimated recovery from scrap
do
Imports (general):
Metal and alloys, crude.
_._
do _ _
Plates sheets etc
do
Exports, metal and alloys, crude
_do
Stocks, primary (at reduction plants), end of mo.
thous. sh. tons__
Price, primary ingot, 99.5% min
$ per lb-_
Aluminum shipments:
!Mill products and pig and ingot (net)
Mill products total
Plate and sheet
- _
Castings
mil lb
do
do
do
Copper:
Production:
Mine recoverable copper
thous sh tons
Refinery primary
_
do
From domestic ores
do
From foreign ores
do
Secondary recovered as refined
do
Imports (general):
Refined unrefined scrap©
do
Refined
do
Exports:
Refined scrap, brass and bronze ingots do
Refined
do
Consumption, refined (by mills etc.)
do Stocks refined end of mo total
do
Fabricators'
do
Price, bars, electrolytic (N.Y.)
_._$ per lb__
47 9
17 8
43.6
11.9
36 3
7.7
48.3
6.6
26.7
7.1
32.3
6.2
61.9
6.0
33.1
4.8
28.2
5.1
36.6
4.4
26.7
5.2
16 6
13 2
124 0
172 2
123 0
.3118
51.5
36.1
114.6
174 3
98.0
.3205
60.5
42 9
125 8
187 6
112 8
.3260
54.7
37.2
114.0
206 4
99.8
.3060
47.2
30.5
108.9
219 0
100.4
.2960
63.5
47.0
108.8
228 0
100.2
.2960
66.1
49.7
100.1
228 8
96.8
.2906
62.0
44.8
100.2
229.7
94.5
.2860
77.4
60 7
122.4
213 1
92 9
.2860
51.9
36.4
121.2
194 6
100.9
.2860
55.4
38.6
141.8
182.3
98.9
.2998
Copper-base mill and foundry products, shipments
(quarterly avg. or total) :
Copper mill (brass mill) products . _ mil lb
Copper wire mill products©
do
Brass and bronze foundry products
do
555
396
241
470
380
216
445
364
196
Lead:
Production:
Mine recoverable lead
thous sh tons
Secondary estimated recoverable©
do
Imports (general) ore© metal
do
Consumption total
do
21 3
37 6
33 5
90 9
••20.6
38 6
29 4
r
85 1
'318 3
'18 3
38 1
24 9
r3
86 6
41 0
22 8
r 85 g
109 9
145 1
150 9
119 0
126 5
158 2
94 4
136 7
118 1
54 4
1221
43 7
1195
45 6
1200
898
3 632
2 000
270
6 448
3 819
114
23 714
1.0201
1 169
3 291
1 800
250
6 710
4 290
71
22 750
1.0140
929
2 872
1 800
290
6 030
3 760
58
29 145
1.0223
Stocks, end of year or mo.:
^Producers', ore, base bullion, and in process©
(ABMS)
thous. sh tons-Refiners' (primary), refined and antimonial
thous sh tons
Consumers' d1
-- - - do
Scrap (lead-base, purchased), all consumers
thous sh tons
Price common grade (N Y.)
$ per lb
Tin:
Imports (for consumption) :
Ore©
Ig tonsBars pigs etc
do
Estimated recovery from scrap total©
do
As metal
do
Consumption pig, total
do _
Primary
do
Exports incl reexports (metal)
do
Stocks pig (industrial) end of mo
do
Price, pig, Straits (N.Y.), prompt
$perlb.
458
378
198
19.9
20.8
35 2
26.8
79 7
24
38
37
83
6
8
5
4
21.9
36 5
35.5
77 6
22.8
MO 4
32.8
89 1
22.9
38 1
23.1
85 7
19 4
34 5
35.5
71 6
'21 9
38 8
36 9
90 1
32.3
r 83 0
23.2
36 9
25 8
83 7
156 0
146.9
145.1
137 9
129.5
125 7
115.0
112.4
110.6
119.6
118.9
112.8
139 5
110 5
151 9
107.7
158 2
94.4
169 2
94 5
183 0
91.8
187 0
94 8
194 7
109.7
195 6
110.6
195.1
106.4
193 8
109.9
190 0
110.2
43 6
1200
42 2
1200
43 7
.1138
42 8
.1100
41 6
.1100
41 0
.1100
39 5
.1100
39 6
.1100
41.2
.1100
44 2
.1100
45 3
.1100
1,226
802
3 108 2 058
1 725 1 750
225
225
4,915
5,965
2 845 3 680
125
79
24 798 23 935
1.0114 1.0038
1,188
1 998
1 750
220
5,505
3 570
17
22 610
1.0098
319
2 261
1 900
230
6,490
3 990
305
20 645
1.0340
1,373
1 785
1 815
220
6,410
4 080
120
19 630
1.0708
223
3 046
1 935
250
6,860
4 380
32
18 600
1. 1003
38 7
26 1
512
1 001
3 262 2 523
1 815 1 860
265
230
5 475
5 600
3 290
3 035
22
19
22 910 22 790
1.0328 1.0282
.1100
.1100
1,446
391
558
375
3,929
3,020
4 034
4 904
1 915 1 670 1 965
245
210
250
6,970
7,210
6,090
4 570
3 920
4 420
16
22
30
30
18 000 '222 475 23 080
1. 1455 1. 1625 1. 1978 1. 2185 1. 2105
36 7
40 3
38 8
43 2
38 1
39 6
40 1
35 1
27.1
12 2
30 0
6 2
29.7
76
39.4
16 5
25.5
76
33.3
10 6
41.8
10 9
31.8
7.4
8.5
8.1
18.5
17.3
©Basic metal
cf1 Consumers'
base scrap.
.3060
P525
^373
p215
'562
'405
'217
448
361
195
'20.2
36 3
26 6
'77 3
'19. 1
Zinc:
Mine production, recoverable zinc
thous sh tons
36 3
28 1
28 0
35 4
30 7
Imports (general):
35 5
Ores©
-- do
41.7
38.0
30 4
40 6
79
Metal (slab blocks)
do
13 1
10 1
17 3
11 2
Consumption (recoverable zinc content) :
r
7. 4
Ores©
do __
9.0
4.8
6.0
5.6
Scrap, all tvDes__
_do— _
17.9 '16.1
19.6
19.9
17.8
' Revised.
v Preliminary.
1 Recoverable aluminum content. Monthly data are
expressed in metallic content
(incl. alloying constituents); aluminum content is3 about 93%
2
of metallic content.
Beginning July 1961, includes tonnage held by GSA.
Revisions
for Jan.-Aug. 1960 (thous. sh. tons): Mine prod., 21.4; 22.8; 25.7; 24.1; 20.9; 19.7; 16.4; 19.9;
consumption,
86.8;
84.6;
91.1;
83.0;
90.3;
87.2;
75.4;
90.1.
49.4
30.0
46.8
29 6
31.4
23.4
29 3
19 9
147.2 P83. 4 P142 3 p 137. 9
165.6 pl98 1 pl93 1 •p 115. 3
98.3 P136. 3 Pl21 6 v 108. 3
.3060
.3060
.3060
.3060
.2400
r
39 7
37.3
36.6
10.4
26.7
14.4
6.6
6.3
7.4
5.8
5.9
6.8
7.1
18.2
15.6
18.5
19.3
16.9
21.1 '14.7
content.
and secondary smelters' stocks of lead in refinery shapes and in copper-
SURVEY OF CURRENT BUSINESS
S-34
1959
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1960
1960
Monthly
average
November 11)61
Sept.
Oct.
1961
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
I
Oct.
i
METALS AND MANUFACTURES—Continued
NONFERROUS METALS AND PROD.— Con.
Zinc— Continued
Slab zinc:
Production (primary smelter), from domestic
and foreign ores
thous sh tons
Secondary (redistilled) production
do _
Consumption fabricators'
do
Exports
do _
Stocks, end of year or mo.:
Producers' smelter (AZI)
_
do
Consumers'
do
Price, prime Western (St. Louis)
$perlb__
HEATING EQUIPMENT, EXC. ELECTRIC
Radiators and con vectors, cast iron:
Shipments
mil sq ft radiation
Stocks, end of year or mo
do
Oil burners:
Shipments
thous
Stocks end of year or rno
do
Stoves and ranges, domestic cooking:
Shipments, total (excl liquid-fuel types) __do
Gascf
do
Stoves domestic heating shipments total
do
Gasf
do
Warm-air furnaces (forced-air and gravity air-flow),
shipments, totalf
thous
Gas
do
Water heaters gas shipments
do
MACHINERY AND APPARATUS
Fans, blowers, and unit heaters, qtrly. totals:
Fans and blowers new orders
mil $
Unit-heater group new orders®
do
Foundry equipment (new) , new orders, net
mo avg shipments 1947 49 — 100
Furnaces, industrial, new orders, net:
Electric processing
mil $
Fuel-fired (exc for hot rolling steel)
do
Metal forming tools:
Orders, new (net) _
Shipments
Estimated backlog
_
67 0
5.7
73 2
6.3
56 1
3.9
67 0
9.1
58 7
4.3
67 8
4.8
56 9
4.0
62 7
7 8
69
3
6'?
14
4
5
2
2
74 0
3 4
63 8
] 56. 2
10° 4
.1145
188.0
67 8
.1295
192.5
67 5
.1300
190.3
65 3
.1300
182.1
69 9
.1300
190 8
66 1
.1248
2069 4
6 4
1.1153
2 0
5°
1 7
2 8
21
3.4
19
2 8
1 5
2 7
10
2 8
54 4
46 3
4° 8
45 9
64. 6
49 4
61 6
45 1
40.3
41 6
169. 8
166 0
151.8
148 5
183.1
178. 7
174.0
169 3
187 9
120.5
154 7
100. 9
247 1
150.8
119 6
89 1
234.0
100. 8
78 1
208 2
145.3
109 4
212.5
2
2
2
2
0
8
4
6
65 3
4.5
69 5
3 7
62 ?
3. G
84 7
5. 1
213 1
60 0
.1150
207 8
59 5
.1150
206 6
T
64 0
.1150
188. 1
62 2
.1150
165 1
150 1
.1150
.1150
9
3 7
9
4 6
11
4 3
10
39
33 8
48 9
38.1
51 5
38 1
53 7
44 1
55 4
35 9
54 -4
127.3
124 8
154.3
150 8
138.9
136 0
164. 2
161 5
170.2
167 2
117. 6
114 4
41 9
70 9
39.3
106 3
74 2
87 8
45.7
97 0
53 7
149 1
95 3
157 3
97.4
76 6
61 6
213 9
78 8
63 1
199.1
80.7
63 8
241 2
81.1
65 7
252.3
90 6
210. 7
107 2
86 6
173.7
104.2
83 5
160. 1
66
3
60
6
3
9
6
1
6
4
3
4
69 2
36
69 6
3.5
69
4
80
2
215 0
60 0
.1150
2°2 9
59 1
.1150
219 0
56 8
.1150
10
2 9
1 2
2. 9
1 0
33
29 2
44 2
42 0
44 1
37.7
44 1
148.8
144 5
120.4
117 9
117.0
114 8
262 5
172.0
172 5
113 4
85 7
47 4
68 3
137.6
104 9
179.5
98. 5
76 8
161.3
174 0
79 2
9 9
73
4
64
6
3
3
6
6
68
4
80
2
36 0
21.7
142 6
118 8
158 1
81 7
106 5
101 2
123 7
81 8
99 1
115 2
101 5
130 8
69 0
62 0
108 4
1.5
41
13
2 9
1.2
1 7
1 ^
35
.8
21
1.2
4
8
4 5
.9
19
1.0
2 6
.7
3
1.4
61
1.2
35
14
13
.9
3.3
12
1i
131 8
122 6
111.1
99 9
99 0
110 0
116 2
114 4
137.0
109.8
136 5
175.5
130.7
113.3
120 8
462
335
461
470
465
508
394
506
374
463
342
449
375
343
386
373
394
499
393
426
385
372
427
376
395
393
388
385
377
349
2,055
1,885
1,867
1,569
1,655
1,628
1,318
1,595
1,914
1,892
1,952
1,844
1,753
1,667
1,735
mil $
do
do
_ do. .
months. .
42 40
36.85
34.40
30.45
41.90
29.35
42.30
32.85
42.15
25. 80
41.00
29.90
35.60
25. 55
40.65
27.75
39.75
26.05
36.90
23.40
47.45
29.45
48.60
33.00
35.75
20.95
36 95
25.10
39.45
27.65
35. 60
24.40
4. 5
54.90
40.80
42. 05
28.95
41.30
31. 60
40.15
28.30
41.70
30.85
42. 85
31.40
4. 8
52.10
31.50
46. 75
30.20
46 70
27.85
37 20
24.95
5.0
r
44. 80
«• 29. 65
34. 05
23. 15
p56 75
p 34. 20
Ml 65
p 27. 00
mil. $__
do
months
12.50
10.40
4.2
12.50
12.00
4.2
10.15
12.95
3.8
20. 60
10.70
4.5
10.20
11.65
4.4
11.55
12.75
4.3
20. 35
8.55
5.0
6.95
10.05
4.9
15.15
12.80
5.2
6.35
13.55
4.4
7.90
15.05
3.8
9.40
17.45
3.3
8.95
12 55
3.0
r
r
251 5
67 5
16 2
230.6
59.7
15.6
175.2
48.1
9 3
284 4
70.9
24.6
< 20.8
4
*
21. 3
* 28 4
< 22. 4
4 15.5
*31.0
Other machinery and equip., qtrly. shipments:
Construction machinery (selected types),
total 9 J
mil $
Tractors tracklayirig totnl
do
Tractors wheel (con off-highway)
do
Tractor shovel loaders, integral units only
Tractors, wheel (excl. garden and contractors'
off-highway types)
mil $
Farm machines and equipment (selected types),
ELECTRICAL EQUIPMENT
Batteries (automotive replacement only), shipments
thous
Household electrical appliances:
Ranges (incl. built-ins), domestic and export
sales
thous
Refrigerators and home freezers, output
1957-100
Vacuum cleaners (standard type), sales billed
thous
Washers sales billed (dom and export) O do
37 0
21 3
2281
1
2
80 7
2 23 0
2
2
2
2 54 8
2
2
136. 6
2
2
221 9
2
34 9
23.4
3
38 9
13 8
3
220 5
56. 7
16 1
38 9
17. 7
58.0
58.8
44.4
54 9
64.2
89. 4
52.0
97.3
151.6
132.0
186 2
167.1
107.0
224.2
222.4
2,291
2,194
2,708
2,834
2,634
2,822
2,761
140.6
127.1
144.0
129.1
119.4
114.4
123.5
111.8
89.5
91.5
87.9
106.5
285.1
319.4
276.1
272.9
301.9
352.7
290.1
305.8
280.6
275. 3
254.6
223.5
2,321
1,491
109.4
128.1
99.2
124.3
242.5
228.9
257.9
227.6
r
l
Revised.
p Preliminary.
Average based
on actual market days; excludes nominal
2
3
prices
for other days.
Quarterly 5average.
See note marked "©".
4
Data are for month shown.
Data cover 5 weeks.
<f Includes data for built-in gas fired oven-broiler units; shipments of cooking tops, not
included in figures above, totaled 21,000 units (4-burner equivalent) in July 1961.
t Re visions for gas heating stoves (Jan.-June 1960) and warm-air furnaces (Jan.l959-June
1960) are available upon request.
© Beginning 1st qtr. 1961, data exclude new orders for gas-fired unit heaters and duct
Digitized forfurnaces;
FRASER
comparable data for 4th qtr. 1960, $15,900,000.
r
r
10. 10 P 10. 55
12.
95 P 10. 45
r
2. 8
P2. 8
1,334
r 1, 695
148.2
128.4
131.6
145.0
104.0
127.5
150.3
116.2
123.5
121.1
132.0
113.8
72.9
122.7
350. 0
305.6
265.0
209.7
240.9
247.9
242.0
304.3
213.9
228.4
270. 1
332.6
302.2
401.9
2,037
2,093
1,301.9 1,427.2 51,945.1 1, 727. 6 1,468.8 51,521.7 1,090.1 1,115.0 s 1,384.1 1,124.9 1,196.9 s 1,626.3 1, 030. 4
Radio sets, production §
._
do
444.4 « 497. 5
405.8
470.4 « 615. 1
367.9
383.4
429.8 5 405. 5
475.7 s 678. 9
529.1
500.0
Television sets (incl. combination), prod.§._.do
Electron tubes and semiconductors, factory sales
80.9
73.4
92.5
78.0
75.8
77 2
79 9
91 0
72.0
5* 0
75 6
82 6
85 0
mil $
Insulating materials, sales billed, index
125
139
129
118
118
142
149
142
124
123
130
137
105
1947 49—100
Motors and generators:
2
2 172
134
152
154
158
162
New orders index qtrly
do
New orders (gross) :
12.9
12.4
13.7
11.9
10.4
12.4
13.6
11.8
14.6
12.3
10.8
14.2
13.6
Polyphase induction motors 1 200 hp mil $
25
2.5
2.3
1.9
2.6
2.1
2.8
1.9
2 2
2 3
2 8
18
1.9
D C motors and generators 1 200 hp
do
33
38 5
21 4
Material handling equipment (industrial), new
orders index
1954—100
Industrial trucks (electric), shipments:
Hand (motorized)
number
Rider-type
do
Industrial trucks and tractors (gasoline-powered),
shipments
number
Machine tools:
Metal cutting tools:
Orders new (net) total
Domestic
Shipments total
Domestic
Estimated backlog.-
66 6
4.8
79 7
1.0
' 2, 688 '2,811
1,385.1 '52, 048. 7 pl.794.4
514.7 '5694.6 "624.9
86.0
135
11.8
22
9 Includes data not shown separately.
I Effective 1960, data are not strictly comparable with earlier data. Revisions for 1960
appear in the July 1961 SURVEY.
OData exclude sales of combination washer-drier machines; such sales (incl. exports)
totaled 9,700 units in Sept. 1961.
§Radio production comprises table, portable, auto, and clock models; television sets
exclude figures for color sets. Data for Sept. and Dec. 1960 and Mar., June, and Sept. 1961
cover 5 weeks; other months, 4 weeks.
SURVEY OF CURRENT BUSINESS
November 1961
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1959
1960
Monthly
average
S-35
1960
Sept.
Oct.
1961
Nov.
Jan.
Dec.
Mar.
Feb.
Apr.
May
June
July
Aug.
Sept.
Oct.
1, 565
253
142
1, 423
293
151
1, 709
PETROLEUM, COAL, AND PRODUCTS
COAL
Anthracite:
Production _ __
thous. sh. tons
Stocks in producers' vards, end of mo
do
Exports
_
__
do
Prices:
Retail, stove, composite
$ per sh ton
Wholesale, chestnut, f.o.b. mine
do
Bituminous:
Production
thous sh tons
Industrial consumption and retail deliveries,
total 9
thous. sh tons
Electric power utilities
_do
Mfg. arid mining industries, total
do
Coke plants (oven and beehive)
do
Retail deliveries to other consumers
do
Stocks, industrial and retail dealers', end of
month total 9
thous sh tons
Electric power utilities
do
Mfg. and mining industries, total
do
Oven-coke plants
do
Retail dealers
do
Exports
do
Prices:
Retail composite
$ per sh ton
Wholesale:
Screenings indust use f o b mine
do
Domestic large sizes, f o b mine
do
COKE
Production:
Beehive
Oven (byproduct)
Petroleum cokc§
Stocks, end of month:
Oven-coke plants, total
At furnace plants
_
At merchant plants
Petroleum coke
Exports
thous. sh. tons
do
do
__do
do
_do_
do
do
1,721
389
149
1,568
315
119
1,580
339
149
1,678
319
154
1,692
327
176
1,794
199
110
1 803
110
134
1.756
64
89
1,468
98
107
1,197
153
12
1,447
247
95
1,372
178
159
1,202
173
93
9
7 89
14.177
27 67
13. 948
27 34
14. 098
27 55
14.098
27 64
14 098
27 88
14.098
9R 34
14 420
28 56
14. 420
28 56
14. 420
28 56
14.420
27.47
H.970
27 47
11.970
27. 64
12. 4GO
34 336
34 696
34 700
35 499
33 589
33 091
39 570
9
8 970
29 950
29 220
34 250
31 510
26 800
30, 521
13,816
13, 980
6,598
31,697
1 4, 484
14, 423
6, 750
27, 453
13, 658
11,590
5, 169
30, 1 59 30, 537
14, 304 1 4, 654
12, 929 1 2, 905
5, 035
5, 576
34. 434
16,673
13. 625
4,917
34 70°
1 6, 903
13, 727
5 035
30, 230
14, 730
12, 403
4, 792
30. 470
34,773
13,421
5, 345
28, 423
13, 500
12, 969
5,495
28, 443
13, 574
13, 587
6,206
27, 966
13,722
13,137
6,153
28, 241 --30,026
14, 201 15, 330
12, 934 ' 13, 469
6, 506
6,277
30, 638
14, 797
13, 562
6, 628
2,428
2, 534
1,978
2,609
2,729
3,886
4 069
3, 097
2, 273
1,9C9
1,193
1,010
1,007
1,710
2,173
69 519
45 664
22, 735
10 678
7? 333
48 244
23,216
11 287
74 458
50 813
22, 679
10 918
76 206
59 915
23, 006
11 083
76 730
52 435
23, 283
11,204
73 244
49 937
22. 451
11 099
69 194
47 1 ri7
21,477
10 484
66 9463
45 45
20, 683
9 789
65 183
44 6°7
20,158
9 551
65, 007
45 017
19,640
9,332
67 893
46 937
20, 502
9 852
70, 698
48 360
21,788
9,931
67, 139
46 951
19, 597
8, 496
69, 653
48, 452
20, 276
8,936
70, 697
49 371
20,710
9,135
27. 76
27.89
12. 460 p 12. 950
r
r
r
37,500
35, 220 ?38 565
844
693
803
821
832
666
560
535
398
350
454
550
591
625
616
3 104
3 041
3 448
3 763
2 882
9 399
1 867
1 868
1 959
2 541
3 392
3,402
2, 775
3,080
2,910
16 89
17 C6
17 08
17 21
17 24
17 27
17 30
17 30
17 30
17 23
16 86
16 74
16 81
16.91
17.04
5 223
7 733
5 164
7 690
5 149
7.769
5 149
7 769
5 149
7 869
5 149
7.900
5 149
7 999
5 149
7 922
5 149
7 828
5 037
7 275
5 018
7 209
5 018
7.256
5 018 r 5. 016 "5. 016
7 273 ' 7. 367 »7. 471
90
4,566
685
84
4,685
1 000
62
3, 604
1 166
57
3,891
1 153
61
3,496
1,145
60
3,382
1 202
50
3 4Q4
1 260
61
3 296
1 121
70
3 654
1 237
67
3,797
1 248
78
4,249
1 218
78
4,210
1 236
72
4,319
1 325
85
4,464
1,342
74
4, 557
3,965 1 r 4, 152 ' 4, 426 r 4, 603 r 4, 681 r 4, 732
4 822
2,471 i r 2, 947 r 3, 254 r 3 411 r 3, 469 ' 3, 452 3 485
1,212
1,280
1,494
1,172
1,205
1, 192
1 338
877
1 208 1 194 1,174
1 120 1,159
933
11
21
29
35
31
16
38
4 781
3 401
1 380
933
26
4,697
3 285
1,412
1 025
41
4,726
3 256
1,470
1 102
23
4,572
3 094
1,478
1 112
41
4,358
2 928
1,430
1 111
27
4,354
2 884
1,470
1 135
45
4,301
2,891
1,411
1,112
41
4, 101
2 772
1,329
59
PETROLEUM AND PRODUCTS
Crude petroleum:
Oil wells completed
Price at wells (Okla.-Kansas)
Runs to stills
Refinery operating ratio
.number _
$ per bbl
mil. bbl
% of capacity
All oils, supply, demand, and stocks:
: New supply , total
mil. bbl
Production:
Crude petroleum
do
Natural-gas liquids, benzol, etc.
do
Imports:
Crude petroleum
do
Refined products
._
do
Change in stocks, all oils (decrease, — )
do
Demand, total
Exports:
Crude petroleum
Refined products
Domestic demand, tota!9
Gasoline
Kerosene
_
_
Distillate fuel oil
Residual fuel oil
Jet fuel
Lubricants
Asphalt
-. Liquefied gases
Stocks, end of month, total
Crude petroleum
Natural-gas liquids
Refined products
_
2,220
2 97
243.1
85
1,874
2 97
246.0
83
1,734
2.97
243.0
84
1,875
2 97
245.2
81
1,835
2.97
236.8
81
2,426
2.97
248.9
83
1 880
2 97
259 3
87
1 512
2 97
236 8
86
1,950
2 97
251.0
81
1,643
2 97
234.6
78
2,050
2 97
249.0
80
1,734
2 97
239.6
80
1,735
2 97
257.0
83
1,824
2.97
262.1
85
295 4
298.8
290.5
297.9
300.2
309.7
321 6
291 4
323 6
304.7
308 7
288 0
307 3
302.7
214.5
26.8
214.6
28.7
209. 1
28.1
215 7
29.7
214.0
29.5
221.7
31.5
223 5
31 0
204 3
28 2
231 6
30.9
219.8
30.1
221 6
29.7
213 1
28.7
215 7
29.4
220.2
29.6
29 4
24 8
1.5
31 0
24.5
—2.5
32 7
20.6
14.3
31 5
21.0
14.8
30 0
26.7
-4.7
28 7
27.9
-48.0
33 7
33 5
—25 1
28 8
30 1
—7 2
33 3
27 9
14.8
27 0
27 9
24.1
33 6
23 9
16.1
27 2
19 0
9.8
38 0
24 3
21.2
34 0
18.8
3.3
do
293 9
301 3
276 2
283 1
304 8
357 8
346 8
298 6
308 9
280 6
292 6
278 2
286 1
299 3
do__
do
do_
do
do
.2
6 2
287.5
123 8
9 2
.3
59
295.1
126 5
11.0
.2
5 4
270.6
128 5
8.9
.4
56
277.1
126 2
10 5
0
5.2
299.7
124 9
12.8
.5
53
351.9
124 9
18.8
1
50
341 6
114 5
18 1
3
1
4
6
7
.3
53
275 0
119 2
90
2
7
7
2
2
.4.
54
272 4
138 5
7 8
.2
48
281 2
137 4
9 2
.3
5 4
293 6
140 4
10 1
do
do
do_
55 0
47.0
87
57.2
46.7
8.6
39.7
8.7
45 2
40.8
83
61.6
48.5
8.5
95 5
57.1
8.3
96 4
58 9
80
3
4 3
294 0
105 6
15 1
74 9
53 1
71
66 4
50 9
88
53 3
46. 1
81
44 3
39 6
10 6
37 0
31.6
85
39 2
39 3
80
40 8
38.4
9 7
do
do
do
36
8.5
17 7
36
87
18 8
35
13.7
15 3
35
11 1
18 0
35
6.8
20 8
33
4 0
25 5
36
31
25 7
28
23
20 6
35
4 6
17 5
30
56
17 5
4 0
10 4
16 0
36
13 8
16 4
35
14 1
15 7
37
16 2
18 0
802.7
258 9
26.4
518.2
790.2
248 0
28.4
513.9
816.6
232 0
35.6
549.0
831.4
233 0
36. 1
562 3
826.8
239 5
34.0
553.2
778.7
239 8
28.9
510.0
759
236
24
498
124.1
14
129.0
1i
127.6
1i
126 6
1i
123.9
130 8
7
131 7
10
115 8
5
127 6
5
182.0
12 2
188.9
12 7
177.7
12 0
177.7
12 0
175.4
13 3
181.2
13 6
197 9
14 0
208 8
13 4
209 5
14 2
.114
.116
.125
.125
.125
.125
.125
.125
.125
.212
.210
.216
.213
.215
.214
.211
.211
.201
do_
_ _ _ _ _ do
do
do__
Refined petroleum products:
Gasoline (incl. aviation) :
Production
___
__ _ d o _ _
Exports
do
Stocks, end of month:
Finished gasoline
do
Unfinished gasoline
_ _
do
Prices (excl. aviation) :
Wholesale, ref. (Okla., group 3)
$ per gal._
Retail (regular grade, excl. taxes), 55 cities
(1st of following mo.)
$ per gal__
87 3
*• Revised.
» Preliminary.
i Revisions for Jan.-Aug. 1960 (thous. sh. tons): Total stocks, 4,203; 3,864; 3,659; 3,733;
3,761; 3,867; 4,050; 4,245; at furnace plants, 2,693; 2,529; 2,490; 2,591; 2,652; 2,786; 2,938; 3,095.
4
8
0
7
752
232
23
497
2
1
2
0
5
303
126
11
767
244
27
494
0
9
5
5
791
256
31
503
1
1
6
4
5
286
137
9
807
261
35
510
2 97
2
4
4
4
817 0
261 1
38 2
517 8
832
257
41
539
118 6
11
127 3
6
123 2
1 i
135 1
6
136 5
§
208 4
14 2
198 9
14 5
183 7
13 9
182 5
13 3
178 5
13 1
.125
.115
.125
.125
.115
P. 105
.202
.202
.206
.214
.206
.199
9 Includes data not shown separately.
§ Includes nonmarketable catalyst coke.
2
0
4
9
841
248
42
550
6
1
8
7
.201
SUEVEY OF CURRENT BUSINESS
S-36
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1959
1960
Monthly
average
'November 1961
1960
Sept.
Oct.
1961
Nov.
Dec.
Feb.
Jan.
Mar.
Apr.
May
June
July
Aug.
Sept.
PETROLEUM, COAL, AND PRODUCTS—Continued
PETROLEUM AND PRODUCTS— Continued
Refined petroleum products— Continued
Aviation gasoline:
Production
_. mil. bbl
Exports
do___
Stooks, rvnd of month
do
Kerosene:
Production
do
Stocks, end of month
__
.
do
Price, wholesale, bulk lots (N.Y. Harbor)
$ per gal
Distillate fuel oil:
Production .
mil. bbl
Imports
do
Exports
do
Stocks, end of month..
do__Price, wholesale (N.Y. Harbor, No. 2 fuel)
$ per gal_
Residual fuel oil:
Production
mil. bbl
Imports
do
Exports
do
Stocks, end of month
do
Price wholesale (Okla., No. 6)
$ per bbl
Jet fuel:
Production
mil bbl
Stocks, end of month
._
do
Lubricants:
Exports - do
Stocks end of month
do
Price, wholesale, bright stock (midcontinent,
f o b Tulsa)
$ per gal
Asphalt:
Production
mil bbl
Stocks end of month
do
Liquefied petroleum gases:
Production
do
Transfers from gasoline plants
do_ _
Stocks (at plants, terminals, underground, and
at refineries), end of mo
mil. bbl
Asphalt and tar products, shipments:
Asphalt roofing total
thous. squares
Roll roofing and cap sheet
do
Shingles all types
do
\sphalt siding
Insulated siding
Saturated felts
do
do
thous sh tons
94
96
.5
10.8
12 3
.9
11 8
11 6
10 7
10 8
12 7
25 7
10 6
27 3
9 9
28.4
9 5
30.3
11 1
32.4
11 3
33.9
9 6
r9 6
8 6
'9 6
12 1
12 7
13 6
13 9
13 1
13 0
12 8
10 8
35.4
12 0
37.0
12 4
36 7
13 4
31 4
13 9
27 4
12 0
24. 5
.104
.102
.105
. 101
.098
55.6
11
54.9
10
56.3
59.2
11
.5
9
.6
54.9
127.9
168.2
180.1
173.9
138.5
.100
.094
.092
.095
.091
.088
29 0
18 5
17
56.5
1 65
27.7
19 5
25.8
15 5
25.8
16 0
27.1
21 9
30.9
22 8
43.4
1.69
50.1
1.80
50.0
1.80
49.5
1.80
44.9
1.80
7 7
7.4
6.9
6.0
7 3
7.3
6.5
4 9
13 5
9 2
26.2
11 3
28.7
. 105
56.6
15
1l
129.7
.8
1.5
1.4
7.8
6. 6
7.0
6.4
4 7
4 9
4 9
1.3
.6
6
.6
1.3
6.0
.5
.8
1
.4
92
1.0
.4
.6
109
117
115
.110
. 105
105
.105
.108
64 4
21
63.2
11
49.9
4
52.5
10
58.2
15
61.2
1 i
.3
9
.6
52.9
7
56 0
14
108.1
97.3
88.0
85.0
93.6
109.5
129.6
150.9
6
1.5
.3
r
r
9 0
9.7
.9
r
10 2
9.5
.9
9.6
.8
10 3
'1.0
13 4
1
7
.8
.7
.6
.4
.099
.107
.105
.100
.095
.095
.095
.098
29 9
27 9
1 2
42.9
1 80
27.8
25 7
27 4
22 8
13
40.9
1 80
25 0
22 9
13
41.8
1 65
26.6
16 6
16
44. 1
1 60
23.3
12 3
1. 1
47.4
1.45
25.8
16 9
25.2
12 8
50.2
1.45
48.8
1.45
89
80
83
81
7.6
89
7.8
7.5
7.9
50
51
53
4 6
5 2
51
6 7
6.0
1.0
42.6
1 80
6.7
6.4
7.1
.8
8.2
1.4
9.9
1.0
1.5
12 4
12.8
12.7
13 4
13.1
12.7
12.9
12.6
.260
.260
.260
.260
.260
.260
.260
.260
.260
.260
.260
.260
11.1
9.1
6.8
8.6
5.2
5.0
5.9
7.7
9.4
10.1
15.2
4.5
12.8
9.7
8.1
17.6
19.2
21.6
21.3
10.9
19.3
11.8
17.7
11.9
14.1
6.5
6.0
6.1
6.7
6.9
6.4
6.9
6.6
7.1
6.6
12.5
6.2
9.3
12.1
15.0
19.0
19.0
14.5
11.2
11.2
10.2
10.1
6.2
9.9
11.8
21.5
24.2
32.0
32.6
30.6
25.5
20.7
20.0
24.3
28.3
33.4
36.9
40.7
42.3
4,961
1,763
3,197
4,997
1,813
3,184
6,829
2.677
4,151
6, 021
2,299
3,722
4,592
1,688
2,903
4,351
1,656
2, 695
2,000
775
1,224
1,665
1,010
3, 834
1,446
2,388
4,709
1,667
3,042
6,517
2,139
4,378
7,266
2,320
4,947
78
127
86
73
94
82
96
125
94
101
117
87
84
82
79
74
51
95
45
44
63
35
45
35
65
73
60
62
78
69
75
98
89
76
108
108
1.3
9.1
.235
.257
81
12.3
8.2
5.6
12.2
655
1.6
1.4
1.5
1.3
1.5
1.7
v. 260
6.4
5,867 r••6,880
2,069
2, 465
3,798
4,415
73
105
78
?1 45
8.5
1.4
9.5
1.3
9.4
1.2
.098
1.4
1.4
9.2
88
.108
7,060
2,497
4,562
'90
125
r
96
95
105
102
3,899
3,268
3,199
3,623
5,389 '5,655
3 549
3,437
5,757
PULP, PAPER, AND PAPER PRODUCTS
PULPWOOD AND WASTE PAPER
Pulp wood:
Receipts
Consumption
Stocks, end of month
thous cords (128 cu ft )
_
do _
1 do
3 172
3,224
5,181
3 448
3,374
5,483
3 624
3,311
5, 795
3 738
3,588
5,967
3 249
3, 358
5,891
3,032
2,966
5,948
3,449
3,400
6,471
3,400
3,222
6,212
3,516
3,599
6,169
3,170
3,510
5,983
3,357
3,664
5,424
3,465
3, 560
5,323
Waste paper:
Consumption
Storks end of month
thous sh tons
do
785
510
753
550
759
538
770
544
719
548
752
561
712
519
677
515
762
519
728
517
778
536
778
516
684
531
825
501
790
479
2,032
92
1,152
207
2,110
2, 054
1,957
1,151
200
1,278
225
2,265
100
1,326
222
1,166
179
2,305
97
1,347
217
2,146
1,218
2,298
114
1,335
221
1,990
1,040
2,245
107
1,311
221
2,177
207
2,074
91
1,194
230
2,108
1,183
2,228
97
1,298
227
1, 848
1,216
do
do
do
269
103
209
274
100
209
261
110
212
284
113
208
265
100
193
261
90
187
268
96
204
243
75
197
275
104
227
256
104
218
281
117
230
266
119
234
256
102
207
278
120
245
248
108
230
do
do
do -_
do
899
279
542
78
902
299
529
74
911
301
538
71
938
323
546
69
957
342
546
69
897
294
534
69
882
317
499
66
889
312
507
70
914
325
524
66
898
339
497
62
915
349
505
61
932
356
515
61
935
347
526
62
917
332
509
77
876
312
506
58
do
do
do
54
24
30
95
34
61
107
36
71
90
31
60
98
33
64
95
34
61
88
23
65
109
32
78
109
43
66
100
36
64
107
43
64
93
35
58
88
37
51
117
39
78
79
26
53
do
do
do
203
15
188
198
15
184
199
14
185
198
14
184
229
19
210
175
9
166
185
12
174
195
14
181
208
12
196
168
12
156
209
18
191
224
11
213
190
12
178
224
12
212
198
16
183
2,872 ' 2, 816
1,216
1,284
1,305
1,306
12
14
'283
268
2,988
1,340
1,345
13
290
2,794
1,254
1,278
12
250
2,521
1, 165
1,123
2,793
1,295
1,257
10
230
2,639
1,219
1,214
10
196
3,004
1,354
1,386
12
253
2,940
1,306
1,360
11
264
3,070
1,340
1,427
11
291
3,094
1,325
1, 453
13
303
2,697 r 3, 177
1,166 ' 1, 362
1,245 ' 1, 485
11
8
277
••319
3,012
1,290
1,429
WOOD PULP
Production:
Total all grades
thous. sh. tons
Dissolving and special alpha..
do
Sulfate
-- _
do. .
Sulfite
do
Oroundwood
Defibrated or exploded
Soda semichem screenings etc
Stocks, end of month:
Total all mills
Pulp mills
Paper and board mills
Nonpaper mills
Exports, all grades, total
Dissolving and special alpha
All other
Imports all grades total
Dissolving and special alpha
All other
_
-
95
215
82
83
187
99
222
91
97
80
82
1,284
194
PAPER AND PAPER PRODUCTS
All paper and board mills, production:
Paper and board, total
thous. sh. tons..
Paper
- do
Paperboard
do
"Wet-mi chine board
do
nrmstrnpfinn nanar and hnnrd
do
r
2,838
1,256
1,290
12
280
Revised.
* Preliminary.
i Prices beginning Jan. 1961 not strictly comparable with earlier data. Jan. 1961 prices
comparable with Dec. 1960: Kerosene, $0.115; fuel oil, $0.105.
11
222
11
280
Oct.
SURVEY OF CURRENT BUSINESS
November 1961
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1959
1960
Monthly
average
S-37
1960
Sept.
Oct.
1961
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
PULP, PAPER, AND PAPER PRODUCTS—Continued
PAPER AND PAPER PRODUCTS— Con.
Paper, exc. building paper, newsprint, and paperboard (American Paper and Pulp Assoc.):
929
926
Orders new 9
thous sb tons
701
682
Orders unfilled end of month 9
do
Production
do
' 1, 096 '1, 117
922
910
Shipments 9
do
558
630
Stocks end of month 9
do
Fine paper:
144
Orders new
do
146
90
Orders unfilled end of month
do
79
148
'147
Production
do
145
145
Shipments
do
156
Stocks end of month
do
131
Printing paper:
389
398
Orders now
do
401
396
Orders unfilled, end of month
do
r
Production
do
389
'376
391
Shipments
do
370
270
Stocks end of month
do
250
Price, wholesale, book paper, "A" grade, English
16 85
finish white f o b mill
$ per 100 Ib
16 28
Coarse paper:
321
333
Orders new
thous. sh. tons
161
161
Orders unfilled, end of month
do
Production
do
333
'333
333
325
Shipments
do
106
123
Stocks end of month
do
Newsprint:
Canada (incl. Newfoundland):
562
Production
_
do_ _
533
535
563
Shipments from mills
_
do
209
Stocks at mills, end of month
do .
227
United States:
164
170
Production
__
do
169
364
Shipments from mills
do
22
34
Stocks at mills, end of month
__do _
Consumption by publishersc?_- _ _
do
Stocks at and in transit to publishers, end of
month 0*
thous sh tons
866
648
1 060
883
627
966
659
1 160
951
644
857
625
1 084
879
661
819
586
1,012
844
647
934
618
1, 118
899
644
903
641
1,056
867
657
1 016
665
1,176
976
643
962
678
1,147
935
662
955
641
1,160
953
661
129
141
138
153
142
73
144
146
156
142
75
145
145
163
134
70
134
135
149
144
78
142
143
153
154
93
142
147
153
164
90
160
160
145
157
98
156
155
154
158
91
159
155
147
375
388
378
381
270
427
396
408
408
270
375
368
389
389
270
348
333
374
375
269
412
367
386
381
275
397
370
372
369
277
442
394
417
414
280
405
394
382
381
281
396
362
404
403
283
16 95
16 95
16 95
16 95
16 95
16 95
16.95
16 95
16 95
307
149
309
308
126
333
143
336
335
126
281
134
302
288
139
281
136
278
278
139
320
130
322
313
143
295
133
300
294
150
345
138
336
339
144
341
143
339
338
148
339
144
340
334
149
'345
571
590
201
591
588
205
604
645
164
534
558
140
545
509
176
512
469
219
572
528
263
549
559
252
162
168
36
185
183
37
174
177
34
159
167
26
184
167
43
163
168
39
186
178
47
163
176
34
'972
659
'872
' 650
' I , 163 ' 1, 003
'959
'682
'838
'677
150
86
160
152
'145
910
603
906
896
599
' 136
'135
'152
159
90
162
156
155
'287
'370
'360
'357
'357
'291
411
355
405
405
291
16 95
16 95
16 95
'157
422
379
407
403
'92
Pl6 95
157
'303
' 152
'296
'297
'150
340
158
339
335
153
592
583
261
558
573
246
555
553
249
585
609
225
548
555
217
596
590
224
186
179
41
166
171
36
171
164
43
192
186
49
167
176
40
187
183
44
153
••341
'341
444
461
454
517
497
457
422
392
469
479
486
447
413
417
451
512
621
634
654
615
626
628
633
648
611
594
589
594
618
671
664
623
438
Imports
_
do
Price, rolls, contract, delivered to principal ports
134. 40
$ per sh. ton
451
429
475
504
475
422
415
493
421
512
484
444
465
449
134. 40
134. 40
134. 40
134. 40
134. 40
134. 40
134. 40
134. 40
134. 40
134. 40
134. 40
134. 40
1,334
477
1,330
92
1,322
427
1,328
89
1,311
429
1,316
88
1,390
418
1.398
93
1,272
409
1,313
86
1,182
372
1,212
73
1,212
380
1,201
87
1,242
399
1,219
89
1 454
441
1,436
91
1 304
421
1,317
91
1 462
448
1,452
91
1 409
1 237
1 541
1 470
1 499
1,184
1,501
1,423
1,529
9,166
9,044
9,707
9,501
8,781
8,186
8 254
8 082
9 667
8 936
9 707
9 927
126.9
124.0
133.0
132.4
116.6
124.0
112.0
109.4
130.8
117.2
127.8
132.5
33.21
69.02
24.58
.305
35 28
63.40
29.87
.325
35 88
67.87
34.84
.300
30 02
70.22
34.24
.291
37 80
66 97
112. 58 108. 45 2112.79
82. 81
86.01
90 56
235 63 2251 27 248 87
27.98 23.50 22.94
107. 49
92 71
243 17
20.13
78 36
253 44
21.92
111.03
114. 94
97 40
239 84
27 87
116. 60
93 64
240 87
22 90
23.32
21 99
31.66
25 12
21 98
32.60
33.27
19.11
17.30
22 50
20 59
33 04
20 59
20 30
31 83
Paperboard (National Paperboard Assoc.):
Orders new
thous sh. tons
Orders unfilled, end of month
_
do
Production, total
do
Percent of activity
Paper products:
Shipping containers, corrugated and solid fiber,
shipments
mil sq ft surf area
Folding paper boxes, shipments, index of physical
volume
1947-49=100__
427
1, 425
94
472
78
8 570
134 40 v 134.40
521
95
571
92
552
98
11 170
10 541
10 619
' 106. 9 ' 135. 1
130.0
P 132. 8
RUBBER AND RUBBER PRODUCTS
RUBBER
Natural rubber:
Consumption
thous. Ig tons
Stocks, end of month
__ _ _ _ _
do
Imports, incl. latex and guayule___
do. __
Price, wholesale, smoked sheets (N.Y.).__$ perlb__
Synthetic rubber:
Production
Consumption
Stocks end of month
Exports
46.25
79.78
47.80
.365
39 92
78.48
34.23
.385
36 72
82.23
31.83
.350
36 99
76.12
26.91
.343
35.92
71.61
30.41
.311
31.85
77.28
39.08
.289
114.97
89.39
187. 87
24.46
119. 70
89.94
232 02
28.74
112. 85
87.72
242 96
24.28
110. 99
89.19
238 59
23.17
110. 46
86.58
240 04
23.38
104. 66
80.42
242 79
23.50
do
do
do _
25.34
24.20
26.62
24.40
23 04
32.02
22.26
21 93
33.95
23.56
23 08
33.52
22.02
20 84
33.78
20.02
19 76
32.80
thous__
9,828
9,987
9,184
9,530
9,044
do
do
do __
do
9,373
2,849
6,405
119
9,976
3,350
6,482
143
9,630
2, 950
6,560
120
10,014
3,589
6,304
121
8,303
3,425
4,772
105
do
do__
22, 213
92
26, 558
117
25, 893
110
25, 499
73
do
do
do
__do
3,838
3,836
8,076
76
3, 415 3 024
3 067
3,399
2 894
3 000
10, 324 ' 10, 591 10, 589
107
84
137
thous. Ig. tons.
do
do
do
_
Reclaimed rubber:
Production
_
Consumption
Stocks, end of month
35.15
80.24
33.75
.285
31.87
76.41
26.77
.294
105. 81
86. 20
236 25
26.29
101. 24
77.73
233 04
26.38
22.53
22 05
33.10
19.72
18 55
33.49
21.82
20 56
32.70
8,804
9,221
8,591
9,212
8,882
9,604
9,919
8,881
10, 345
9,903
7,650
3,087
4,452
112
9,130
2,449
6,590
91
7,004
2,191
4,722
92
9,166
2,448
6,595
123
10 232
2,934
7,202
96
11 192
3 377
7,716
99
11 709
3 123
8,473
113
9 598
2,023
7,490
84
10 269
1 928
8 215
9
9 988
2 620
7 239
16
130
26, 290
76
27, 540
88
27, 682
79
29, 338
83
29, 385
96
28,033
85
26,503
79
24,800
76
24, 098
24, 127
24, 096
2 921
2 657
10, 859
71
2,913
2,817
11, 034
110
3 208
5 076
9,394
57
3 140
3 277
9,246
75
3 359
3 588
9,014
82
2 939
2 902
9 096
80
3 190
2 795
9 487
77
2 838
3 323
8 948
58
2 733
3 046
8 641
3 211
3 192
8 700
3 081
2 856
8 890
2
34.91
72.36
28.74
.305
21.32
20 74
31.59
32.59
.300
36 96
63 81
29.26
.305
.295
TIRES AND TUBES
Pneumatic casings:
Production
Shipments, total
Original equipment
Replacement equipment
Export __
_
Stocks, end of month
Exports (Bur. of Census)
Inner tubes:
Production
Shipments
Stocks, end of month
Exports (Bur. of Census) _
_
-
' Revised.
* Preliminary.
1 August data exclude estimates for tissue and miscellaneous papers.
2 Data for stereo and other elastomers (except polyurethane rubbers) are included
as follows: Production, beginning May 1961; consumption, Jan. 1961; stocks, Apr. 1961.
83
58
79
58
91
64
9 Data exclude estimates for "tissue paper."
d1 As reported by publishers accounting for about 75 percent of total newsprint consumption in 1960.
SURVEY OF CURRENT BUSINESS
S-38
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1959
1961
1960
1960
!
Monthly
average
November 1961
Sept.
1
Oct.
1
Nov.
Dec.
Jan.
Feb.
Alar.
Apr.
May
June
July
Aug.
Sept.
Oct.
i
STONE, CLAY, AND GLASS PRODUCTS
1
PORTLAND CEMENT
Production, finished cement
Percent of capacity
Shipments, finished cement
Stocks, end of month:
Finished
Clinker
thous. bbl_~ 28,211
83
28, 164
26, 588
75
26, 244
31,181
89
33, 862
31, 533
87
33, 239
26, 469
75
25, 232
20, 505
56
15, 116
16, 744
46
14, 302
15, 038
45
14,447
21, 851
59
22, 148
26, 463
74
24, 752
31, 102
84
31,313
31, 594
88
34, 030
32,511
88
31,980
33, 262
89
37, 376
31, 474
87
33 468
31 772
20 045
35 512
25 516
30 505
20 232
28 841
17 318
30 095
16 838
35 525
20 954
37 939
25 952
38 531
29 763
38 237
3? 250
39 999
32 380
39 789
30 999
37 346
28 960
758
37 889 r-33
26 189 r 2] 958
31 774
is' 704
604.8
43.4
164.4
"541.8
o 154.5
610.0
39.4
186.3
595.9
40.7
167.9
536. 7
40.3
143.3
342.4
32.5
108.1
341.6
32.0
114.6
322.8
27.1
90.2
483.2
37.4
128.0
535.6
40.6
147.6
625.3
40.7
165.9
640.4
38.3
178.7
606.5
37.2
161.2
34.4
'33.9
37.5
38.0
37.3
31.9
30.8
28.3
34.8
33.3
39.1
39.8
21.0
19.4
19.9
18.9
17.7
16.6
15.2
15.0
19.1
18.0
20.0
21.0
139.0
141.2
141.7
141.7
141.7
141.7
141.4
141.4
141.4
141.2
141.2
141.2
Flat glass, mfrs.' shipments (qtrly. total and qtrly.
average)
_
thous. $
Sheet (window) glass, shipments
do
Plate and other flat glass, shipments
do
83, 433
33, 626
49, 808
70, 524
26, 662
43, 863
67, 055
26, 912
40, 143
Glass containers:
Production
thous. bbl.
do
do
CLAY CONSTRUCTION PRODUCTS
Shipments:
Brick, unglazed (common and face)
mil. standard brick. _
Structural tile, except facing
thous. sh . tons
Sewer pipe and fittings, vitrified
__do
Facing tile (hollow), glazed and unglazed
mil. brick equivalent- _
Floor and wall tile and accessories, glazed and unglazed
mil. SQ. ft
Price index, brick (common), f.o.b. plant or N.Y.
dock
1947-49=100
" 40 7
r
665. 4
39.9
180.7
595.2
36 4
165.6
37.4
40.4
35 9
18.1
22 6
20 1
141.4
141 7
GLASS AND GLASS PRODUCTS
59, 906
22, 333
37, 573
75, 964
31,076
44, 888
60, 996
26, 204
34, 792
67, 712
30, 631
37, 081
12 867
13 358
12, 938
13, 983
11,451
11 156
12, 287
12 520
15,171
13, 538
14, 127
15, 243
14, 644
16, 521
13 815
12, 539
Shipments, domestic, total
do
General-use food:
Narrow-neck food _ _ _
_
_ do _ _ 1,353
Wide-mouth food (incl. packers' tumblers,
jelly glasses, and fruit jars)
thous. gross
3,688
12, 890
14,052
12, 876
11,576
11,307
11,472
11, 178
17, 472
10, 951
13, 547
15, 684
13,018
17, 939
13, 636
1,469
2,747
1,461
1,043
998
1,126
1,112
2,161
1,128
1,186
1,402
1,311
2,515
2,341
3,698
4,322
3,963
3,466
3,219
3,444
3,247
4,809
2,687
3,423
4,051
3,889
5,456
4, 154
thous gross
Beverage
_ _ _ _ _ _ _
Beer bottles
Liquor and wine
do
do___
do
941
1,079
1,280
958
1,376
1,243
610
960
1,310
570
861
1,579
724
1,012
1,367
965
1,273
1,128
609
1,163
1,089
596
1,086
1,200
1,068
2,338
1,422
950
1,586
1,151
1,310
2,309
1,243
1,756
3,189
1,360
1,269
1,979
1,045
1, 048
2,113
1,456
749
1,515
1,257
Medicinal and toilet
Chemical, household and industrial
Dairy products
do
do
do
2,917
1,114
166
2,901
1,095
151
2,794
1,099
210
3,156
1,139
147
2,815
996
153
2,631
915
178
2,867
1,026
148
2,801
995
141
4,039
1,434
201
2,385
972
92
2,994
985
97
2,761
1,047
118
2 483
928
114
3,941
1,220
190
2,564
893
163
_ do_
16, 961
20, 705
19, 970
20, 932
20, 686
20, 250
20, 613
21, 830
19,410
21, 777
22, 273
21,657
23, 070
21, 529
21, 225
Crude gypsum, qtrly. avg. or total:
Imports
thous sh tons
Production
do
1 533
2,725
1 326
2,459
1 492
2,706
1,509
2,358
850
2,003
1,457
2,499
Calcined production qtrly avg or total
2 317
2 148
2 293
1 957
1,732
2,178
997
78
915
71
971
68
887
71
743
65
997
64
351
320
299
299
328
345
273
275
203
292
276
277
477 Q
531 3
586 5
1 519 8 1 458 6 1 561 6
66 0
59 4
65 8
408 0
1,452.5
51.3
360 0
1,209.8
43 4
438 9
1, 545. 9
64 2
14, 332
12, 381
17, 331
14, 155
Stocks, end of month
_
GYPSUM AND PRODUCTS
do
Gypsum products sold or used, qtrly. avg. or total:
Uncalcined uses
thous sh tons
Industrial uses
do
Building uses:
Plasters:
Base-coat
do
All other (incl Keene's cement)
do
\Vallboard
All other §
do
do
TEXTILE PRODUCTS
APPAREL
Hosiery, shipments
Men's apparel, cuttings: \ cf
Tailored garments:
Suits
Overcoats and topcoats
thous units
do
13,511 13,874
11,640
12, 360
13,016
14, 734
11, 779
'1,759 ' 1, 786 '11,715 ' 1, 704 ' 1, 832 '11,710
'392
'264 '1200
'503
'435 '1505
1,484
140
1,460
172
11,795
1225
1,580
344
1,620 11,550
504
1545
936
456
1,788 i 1, 585
1470
676
708
1950
6,616 17,780
1,840 U,970
940
7,312
1,592
1,040
1965
8,096 i 8, 135
1,768 11,975
544
6,368
1,432
964
1820
8,960 i 7, 615
2,012 i 1, 935
thous. doz. pairs. _ 13,099
12, 600
13, 321
'841 ' i 745 '836
'821
Coats (separate) dress and sport
do
'7,577 ' 8, 262 ' 18, 630 ' 6, 596 '
Trousers (separate), dress and sport
do
Shirts (woven fabrics), dress and sport-thous. doz. ' 1, 865 ' 1, 956 ''2,020 ' 1, 908 '
Work clothing:
'239
'208
'231 '1250
Dungarees and waistband overalls
do
'304 '1290
'329
'296
Shirts
do
'884 '1805
796
6, 172 ' 16, 290 6,296
1, 892 ' il, 970 1,828
'184
'272
12, 727
264
252
264
296
1280
1350
264
304
308
296
1280
1285
236
236
340
324
1320
1330
Women's, misses', juniors' outerwear, cuttings: cf
Coats
thous. units.. '2,061 ' 1, 952 ' 2, 170 ' 2, 366 ' 2, 235 ' 1, 366 1,700
' 21,473 '20,888 ' 17,542 ' 19,357 ' 19,749 ' 15,592 18, 413
Dresses
do
'722
'627
'647
'809
'538
1,290
807
Suits
. -. do
2,185
22,124
1,016
2,137
28, 968
1,068
696
26, 512
499
1,077
24, 792
397
1,986
21,867
843
2,081
17,188
1,004
2,835
21, 759
1,035
2,155
17,642
582
Waists blouses, and shirts
thous. doz__ ' 1, 291 '1,288 '1,258 '1,220 ' 1, 183
'776
'676
'719
'712
701
Skirts
do.—
' Revised.
i Data cover a 5-week period.
• Revisions for Jan.-Mar. 1960 follow (units as above): Brick, 354.3; 373.6; 393.6; structural
tile, 33.2; 32.9; 34.9; sewer pipe, 105.7; 105.8; 116.0.
§ Comprises sheathing, formboard, and laminated board.
'i 195
'1245
1,215
1,335
1,401
1,669 1,565 1,368 1,388 1,161
1,239
854
612
753
760
855
889
738
576
681
^ Data for Sept. and Dec. 1960 and Mar., June, and Sept. 1961 cover 5 weeks; other
months, 4 weeks.
cf Revisions for Jan. 1959-Aug. 1960 are available upon request.
'944
'393
SURVEY OF CURRENT BUSINESS
November 1961
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1959
1960
1960
Monthly
average
S-39
Sept.
Oct.
1961
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
TEXTILE PRODUCTS—Continued
COTTON
Cotton (exclusive of linters):
Production:
Ginnings^
thous running bales
Crop estimate, equivalent 500-lb. bales
thous bales
Consumption^
_
_
__
Stocks in the United States, end of mo.,
total t
Domestic cotton, total
_
On farms and in transit. _
Public storage and compresses
Consuming establishments _
Foreign cotton, total__ _
do
do
do
do_.
do
do
do._
Exports
.
_
do
Imports
do
Prices (farm), American upland
cents per lb__
Prices, middling I", avg 14 markets
do
Cotton linters:
Consumption^ _
Production
Stocks, end of mo
14,515
14, 265
14 558
14 272
3 677
644
4 726
637
637
4795
647
668
4824
540
15. 854
15, 774
2,332
11,967
1,475
80
14, 245
14, 172
1, 408
11,107
1, 657
73
12, 768
12, 703
1,073
9,823
1,807
65
11, 140
11,083
894
8,244
1,945
57
9,913
9,861
569
7,258
2,034
52
8,877
8,827
432
6,354
2,041
50
7,814
7,770
393
5,436
1,941
44
7,163
7,123
490
4,749
1,884
40
721
845
72
69
r
228
17,557
17, 468
4,113
12, 112
1, 243
89
4801
20. 015
19,912
11,253
7,689
628
11
14 052
667
726
14, 446
14, 377
3,711
9,148
1,519
30.1
31.4
13, 327
18,915
18, 820
7,851
9, 957
r971
"•1,012
' 103
'95
748
306
11
12, 576
686
2 683
8 676
6
15, 200
15, 128
3,360
10, 498
1,270
31.6
33.2
8,420
193
22
32.2
30.5
690
19, 920
r
19,825
13, 821
r
4, 216
' 1, 788
'95
4847
716
18, 806
18, 701
12, 231
4,870
1,600
105
8,491
1,540
106
33.9
33.6
439
1
31.5
30.2
982
1
28.7
30.2
(5)
(5)
30.1
30.2
27.6
30.1
26.9
30.4
842
3
28.4
31.1
584
3
29.4
31.4
387
6
29.6
31.8
250
9
30.9
32.2
306
1
31.4
32.6
645
92
32.6
33.1
322
24
32.8
33.4
(5)
979
14 538
110
134
'•540
r 4 124
129
M04
101
226
449
93
221
530
« 108
186
591
90
198
652
95
153
670
<113
138
681
104
114
662
104
84
594
4133
50
517
77
39
471
105
43
385
4126
105
357
Spindle activity (cotton system spindles) :f
Active spindles, last working day, total thous__ 19, 282
Consuming 100 percent cotton
do
17, 642
19, 268
17, 589
19, 259
17, 652
19, 241
17, 618
19, 151
17, 507
19, 085
17, 471
19, 022
17, 450
19, 063
17, 451
19, 058
17, 430
19, 008
17, 360
19, 000
17, 346
18, 966
17, 297
18, 992
17, 279
19,065
17,270
19, 102
17, 344
19,089
17, 313
mil__ 10, 224
473
do.__
9,356
do
10, 039
464
9,190
11,244
450
10, 328
9,204
460
8,464
8,923 * 10, 253
446
410
8,178 49,426
8,760
438
8,051
8,940 * 11, 196
448
447
8,190 * 10, 253
9,096
455
8,330
9,312 411,259
450
466
8,514 4 10, 263
7,530
376
6,798
9,550 411,579
463
478
8,658 4 10,525
9, 685
484
8,782
676
941
665
938
651
936
646
.926
646
.926
642
.924
642
.916
629
.909
.634
.911
.641
.911
641
.914
.641
.916
.641
.924
.641
.929
P. 660
P. 934
2 401
2 333
2 193
14 8
13 6
10 7
99
9 5
9 9
10 1
10 9
11 9
11.6
11 6
11.4
15.2
12.3
12.2
35
4 5
51
5 2
55
6 2
6 0
59
58
5 7
56
5.7
70
5.2
5.0
39 520
20, 080
36 544
37, 908
28 857
38, 823
36 17Q
26, 610
34 502
25, 896
40 810
35, 294
42 327
26, 326
41 651
20, 618
43 913
20, 868
38 473
16, 477
34 435
20, 764
39, 971
14, 338
26, 837
16. 934
43, 967
22, 219
40, 833
17,026
26. 98
29.89
29.65
28.59
27.99
26. 61
26. 05
25.37
24.32
24.00
23.68
23.51
23.43
23.94
24.62
36 5
16.8
17 2
38 2
17.4
17 2
38 3
16 5
17 0
38 3
15.8
16 5
38 3
15.3
16 6
38 3
15.1
16.5
38 3
15.0
16 5
38 3
15.0
16 3
38 3
15.0
16 0
38 3
15.0
15 9
38 3
15.0
15 9
38 3
15.0
15.9
38 3
15.0
15.9
38 3
15.3
16.3
*>38 3
p 15.3
P 16.6
472 4
184 4
89 8
161 3
456 2
163 6
78 5
169 3
752.0
732.0
r 7 56. 5
35. 6
751.8
735.6
36 9
__
thous bales
do
do
115
124
652
COTTON MANUFACTURES
Spindle hours operated, all fibers, total
Average per working day
Consuming 100 percent cotton
Cotton yarn, natural stock, on cones or tubes:
Prices, f.o.b. mill:
20/2 carded weaving
$ per Ib
36/2 combed knitting
do
Cotton cloth:
Cotton broad woven goods over 12" in width:
Production otrly avg or total
mil lin yd
Orders, unfilled, end of mo., as compared with
avg weekly production
Wo weeks' prod
Inventories, end of mo., as compared with avg.
weekly production
No weeks' prod
Fxports
Imports
_ -
thous so yd
do
Mill marginsf
cents per lb__
Prices, wholesale:
Denim, white back, 10 oz./sq. yd.
cents per yd
Print cloth 39 inch, 68 x 72
do
Sheeting class B 40-inch 48 x 44-48
do
2,313
2,253
2,236
24.97
MANMADE FIBERS AND MANUFACTURES
6
4
5
7
419.8
146. 1
77.9
157.9
441 8
148.2
90 0
170.2
470.2
154.6
92.5
189.6
44 8
45 0
37.9
33.4
33.5
4 228
2,816
6 605
3,620
6 412
3 591
6 994
3,710
6 539
3, 557
6 243
3,766
8 178
3,029
5 901
3,029
6 461
4,036
8 046
3,370
6 444
3,261
4,421
5,216
7,059
4,216
5,412
4,035
6,076
3, 250
do
do
426
9,864
5,142
379
314
3,583
345
4,171
290
3, 335
236
4,326
276
3,323
444
3,076
490
2,872
527
2,277
504
1,870
519
2,629
599
2,045
555
2,695
777
2,591
Stocks, producers', end of mo.:
Filament yarn (rayon and acetate)
Staple incl tow (rayon)
mil Ib
do
47 4
50 4
63 4
56 1
68 3
59 1
68 3
55.1
68 0
51 1
65 2
53.9
63 6
57.4
59 8
58.4
57 8
61.3
58 4
61.3
59 9
57.0
60.8
56.3
63.1
58.6
59.1
55.3
52.3
51.2
Prices, rayon (viscose):
Yarn filament 150 denier
Staple, 1 5 denier
__
$ per Ib
_ do
80
.32
82
.29
82
.28
82
.28
82
.28
82
.28
82
.28
82
.28
82
.27
82
.27
82
.26
82
.26
.82
.26
.82
.26
v. 82
*.26
Manmade fiber broadwoven fabrics:
Production otrly avg or total ?
mil lin yd
Rayon and acetate (excl tire fabric)
do
Nylon and chiefly nylon mixtures
do
Polyester and chiefly polyester blends* do
617 6
404.6
81 1
85 3
598 9
358.1
83 6
104 2
564 0
334.9
81 1
98 8
13 834
12 871
11 409
14 682
13 628
12 464
10 907
11 331
13 410
11 334
11 188
10 046
9 532
10, 758
11 614
573
544
4.86
544
4.75
423
4.78
509
5.14
342
5.03
522
5.12
449
5.09
566
5.20
540
5.18
419
5.21
759
6.44
524
*5,38
Fiber production otrly avg or total
mil Ib
Filament yarn (rayon and acetate)
do
Staple incl tow (ravon)
do
Noncellulosic (nylon acrylic protein etc ) do
Textile glass fiber (exc. blown glass wool and
pack)
mil Ib
Exports:
Yarns and monofilaments
Staple tow and. tops
Imports:
Yarns and monofilaments
Staple tow, and tops
thous Ib
do
SILK
4 10
4.60
661
4 92
7.162
6.784
6.739
670
Price raw AA 20-22 denier
$ per Ib
Production, fabric, qtrly. avg. or total
thous. lin. vd._
447
157
76
168
585.7
340.9
75.6
115.8
' Revised. » Preliminary. l Total crop for year. 3 Ginnings to Dec. 13. 3 Ginnings
to Jan. 15.
* Data cover a 5-week period.
« Less than 500 bales.
6 Nov. 1 estimate of
1961 crop.
» Data are for month shown.
§Total ginnings to end of month indicated, except as noted.
^Data for Sept. and Dec. 1960 and Mar., June, and Sept. 1961 cover 5-week periods;
other months, 4 weeks.
6,679
r7
578.5
356.6
63.6
102.5
571.7
341.6
65.6
117.2
5,781
5,309
tRevisions for 1959 are available upon request.
f Revised series. See note in the Sept. 1961 SURVEY; data for Aug. 1957-June 1960 are
available upon request,
$ Includes data not shown separately. *New series (Bureau of Census)] data for
1954-60 are available upon request.
SURVEY OF CURRENT BUSINESS
S--40
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1959
1960
1960
Monthly
average
November IftCl
Sept.
Oct.
1961
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
Aug.
July
Sept,
Oct.
TEXTILE PRODUCTS- Continued
WOOL
Wool consumption, mill (clean basis) iff
Apparel class
thous. lb_Carpct class
do
Wool imports, clean content
do _ _
Apparel class clean content
do
Wool prices, raw, clean basis, Boston:
Good French combing and staple:
Graded territory,
fine
$ per Ib
Graded fleece, % blood
do ._
Australian, 64s, 70s, good topmaking, in bond
$ per l b _ _
21, 901
14 034
25, 116
10 201
20, 356 11 22, 649
13 555 15, 337
19, 597 17,921
7 239
8 202
17, 629
12. 225
17, 632
6,715
15, 876 1'17,398
11,736 13, 986
15,182 14, 953
6,225
7 606
16, 865
12 090
21, 547
9 516
17,910 t1 22, 598 20, 144
11,457 11,954 10, 198
18, 975 24, 430 22, 706
7 305 11,904 12 078
22, 799 1i 27, 206 19,107
10, 641 12,925 9,294
20, 851 20, 490 24, 648
10 238 10 134 12 2^3
22. 430 11 25, 723
13 146 15 029
19, 551 !20 492
8 357
8 962
1.216
1.021
1.165
1.070
1. 125
1.065
1.125
1.036
1. 125
1.025
1. 125
1.025
1. 125
1.025
1.125
.988
1.125
.975
1.150
.992
1.210
1.020
1.200
1.022
1.201
1.010
1 228
1 052
1 230
1 075
1 208
] 075
1.079
1.166
1. 175
1.075
1.075
1.075
1.075
1.075
1.075
1.100
1.125
1.125
1.125
1.125
1.125
1.125
98.5
97.2
97.2
96.0
94.7
93.5
94.7
99.7
99.7
99.7
99 7
98 5
WOOL MANUFACTURES
Knitting yarn, worsted, 2/20s-50s/56s, Bradford
svstem, wholesale price _ . ._ . 1947-49=100
Woolen and worsted woven goods, exc. felts:
Production, qtrly. avg. or total
thous. lin. yd.
Apparel fabrics, total
do
Other than Government orders total
do
Men's and boys'
do
Women's and children's
do
Prices, wholesale, suiting, f.o.b. mill:
Flannel, men's and boy's
1947-49=100
Gabardine, women's and children's
do __
99.4
101.2
98.5
77. 708
75, 867
75 459
33 193
42, 266
70, 824
69, 364
68 4T5
27, 940
40, 535
68, 507
66, 974
66 579
24, 838
41,741
106.0
91.5
107.2
92.3
106. 3
92.4
62, 888
61. 758
60 410
24 589
35, 821
60, 058
58. 555
57 046
22 298
34. 748
106.3
92.4
106. 3
92.4
106. 3
90.8
104.0
90.8
104.0
90.8
77, 282
76 035
75 537
30' 004
45, 533
104.0
90.8
104.0
90.8
103.1
90.8
103.1
90.8
103 1
90.8
103 1
90.8
103 1
90.8
TRANSPORTATION EQUIPMENT
AIRCRAFT
Manufacturers of complete types:
Aircraft, engines, propellers, parts, etc:
Orders, new (net), qtrly. avg. or total
2, 551
2,814
2, 843
2,749
3,065
2,593
2,874
2,841
12,120
5 452
12, 496
5,406
12, 463
5,691
12,496
5,406
mil $
__thous. Ib
75.0
1,928
103.4
2,347
108. 5
2,234
81.1
1,912
88.1
2,028
82.3
2,100
82.1
1,996
81.8
1,915
83.4
1, 988
100.2
2,198
114.7
2,451
97.5
2,160
67.7
1,510
60 4
1,317
62.2
1,354
thous $
12, 391
44, 758
59, 244
30, 589
37, 580
36, 253
20, 195
28, 282
32, 590
38, 634
28, 516
61, 572
9,839
31, 528
25, 395
560. 7
534.7
212
184
465.9
456.2
94 6
78.3
655.8
625.7
347
323
556.2
544.2
99.2
81.2
463.9
444.6
211
148
386.7
378. 4
77.0
66.0
703.2
671.8
447
396
627.7
610.8
75.0
60.6
687.8
' 654. 9
338
307
600.5
580.7
87.0
73.9
613.9
587.8
251
231
520.7
507.8
92.9
79.8
485.9
462.8
278
278
406.6
395.1
79.0
67.4
448.2
419.0
198
196
363. 2
351.1
84.8
67.7
526.1
490.3
255
254
425.9
410.5
99.9
79.6
547. 7
520.8
425
425
453.4
442. 7
93.9
77.6
641.6
615.0
375
372
539.9
529.4
101.4
85.2
681.8
644.1
397
380
567.6
557. 1
113.8
86.7
498.0
473.2
344
321
407.3
400.0
90 3
72.8
243.5
224.2
288
270
172.8
168.4
70 4
55.5
number
do
do
23, 655
9 573
14, 083
27, 656
10, 483
17, 173
14, 411
5,105
9,306
26, 643
14, 182
12, 461
26, 461
15, 965
10, 496
30, 897
12, 343
18, 554
19, 927
10, 315
9,612
20, 424
10, 496
9,928
27, 314
13,464
13, 850
23, 176
9,589
13, 587
23, 854
9,443
14,411
24, 247
7,980
16, 267
28, 617
8 295
20, 322
19, 670
3,550
16, 120
16, 863
5 875
10, 988
do
do
59, 691
57, 807
41, 279
39, 271
24, 717
22, 916
26, 688
24,811
21,215
19, 985
29, 065
27, 443
26, 021
24, 293
23, 482
22, 099
24, 268
23, 173
22,425
21, 684
26, 297
25, 336
23, 892
23, 472
20, 985
20, 313
19, 787
19, 673
22, 521
22, 127
do
do
do
5, 722
3 375
561
4,875
2,916
545
3,615
2, 195
367
3,771
2, 164
4184
3,656
2,218
499
3,133
1,879
389
3,045
1,738
531
3,098
1,817
768
4,175
2,460
603
3, 838
2,102
582
4,210
2,304
533
4,679
2,753
526
3,757
2,259
515
thous
do
do
503 4
51.2
78 5
548 1
41.6
78 6
458 8
40.4
76.1
547 5
36.7
74.2
543 0
32.5
67.5
544.3
32.3
73.2
413.6
25.6
62.3
374 9
26.8
59.3
480 1
34.1
72.5
3,204
2,097
4,776
3, 124
4,355
2,984
4,657
3,185
3,944
2,210
4,291
2,661
3,515
2,261
1, 958
757
3,874
2,180
2.933
1,156
3,360
1,588
3,142
2,085
1,107
4,780
3,273
1,652
2, 963
1,872
1,371
2,156
2,150
1,472
5,664
906
1,734
3,732
2,692
1,630
2,174
1,484
1, 254
1,179
427
1,201
1,536
438
1,694
1,802
1,795
1,777
2,040
824
1,772
3,651
2,030
1,507
36, 615
16, 342
1,091
31, 977
14, 758
6
21, 692
9,874
4, 758
22, 905
7,616
1,040
22, 781
8,178
690
21, 070
6,857
752
18, 894
5,023
1,098
18, 429
4,669
7
15, 807
4,284
1,216
13, 664
3,902
20,273
17, 219
11,818
15, 289
14, 603
14, 213
13, 871
13, 760
11, 523
6
140
20
265
32
256
33
223
21
202
26
176
14
162
31
131
1, 678
7.2
1, 662
9.4
1,668
8.9
1, 666
8.9
1,664
9.2
1,662
9.4
1,659
9.7
1,654
9.9
mil $
Sales (net), qtrlv. avg. or total __ _
do
Backlog of orders, total, end of year or qtr.
mil $
For U S military customers
do
Civilian aircraft:©
Shipments
_
Airframe weight
_
Exports (commercial and civilian)MOTOR
VEHICLES
Factory sales, total
Domestic
Coaches total
Domestic
-_ Passenger cars, total
Domestic
__
Trucks total
Domestic
_ _
_
Exports, total
_ _
Passenger cars (new and used)
Trucks and buses
Imports (cars, trucks, buses), total d"_
Passenger cars (new and used) cf
Production, truck trailers:
Complete trailers total
Vans
Chassis, van bodies, for sale separately
Eegistrations:O
New passenger cars
Foreign cars
New commercial cars
__thous__
do
number
do
thous__
do
do
do
' 496. 1 'r 544. 0 ' 572. 0 r 500 5
••33.2
34.9 '37.0 ••33.8
^74. 3 '85.2 r 81.0 r 83.9
M51.4 * 2 652. 4
426.6
(3)
(3)
' 4, 858 4,360
2,782
3,018
406
245
r
470 6
'35.
1
r
82 0
370 5
33.3
74.6
1,234
764
2,428
1,701
2,764
2,078
1, 057
1,217
1,082
470
2,589
2,431
727
1,474
1,409
686
3,143
1,280
1,621
13, 970
4,344
135
11, 830
3,341
158
10, 785
5,008
65
9,831
4,716
1,863
10, 210
3,918
9,762
9,626
8,489
5,777
5,115
6,292
44
112
31
81
18
116
8
294
13
281
21
260
14
246
1,650
9.6
1,646
9.7
1,642
9. 9
1, 638
9.3
1,628
9 3
1,624
95
1,621
9 4
RAILROAD EQUIPMENT
American Railway Car Institute:
Freight cars:
Shipments, total
number
Equipment manufacturers _
do
Railroad and private-line shops, domestic
number
New orders, total
do _ _
Equipment manufacturers.
do
Railroad and private-line shops, domestic
number
Unfilled orders, end of mo., total _
do
Equipment manufacturers
do _
Railroad and private-line shops, domestic
number
Passenger cars (equipment manufacturers):
Shipments, total. .
do
Unfilled orders, end of mo., total
do
Association of American Railroads:
Freight cars (class 1) : §
Number owned, end of year or mo
Held for repairs % of total owned
.thous..
r
2
Revised. » Preliminary.
3 Data cover 5 weeks.
Preliminary estimate of produc4
tion.
3 Figures for coadhes are included with tru'Cks.
Excludes data for van bodies.
•[Data for Sept. and Dec. 1960 and Mar., June, and Sept. 1961 Cover 5 weeks; other moritns,
4 weeks.
J Revisions for 1959 are available upon request.
©Data include military-type planes shipped to foreign governments.
c^Data cover complete units, chassis, and.bodies.
, ; .j rw;i.
0Courtesy of R. L. Polk & Co.; republication prohibited.
§Excludes railroad-owned private refrigerator cars and private line cars.
(3)
(3)
367.4 p 2 557. 8
359. 8
3
84 1 pZ 394 Q
3
66. 8
INDEX TO MONTHLY BUSINESS STATISTICS, Pages S1-S40
SECTIONS
General:
Business indicators
Commodity prices
Construction and real estate
Domestic trade
1-7
7, 8
9, 10
10-12
Employment and population
Finance
Foreign trade of the United States
Transportation and communications
12-16
16-21
21-23
23, 24
.
Industry;
Chemicals and allied products
Electric power and gas
Food and kindred products; tobacco
Leather and products
24, 25
26
26-30
30, 31
Lumber and manufactures
Metals and manufactures
Petroleum, coal, end products
Pulp, paper, and paper products
31
32-34
35, 36
36,37
Rubber and rvibber products
Stone, clay, and glass products
Textile products
Transportation equipment
37
38
38-40
40
INDIVIDUAL SERIES
Advertising
10, 11
Agricultural loans
16
Aircraft and parts
3, 13-15, 40
Airline operations
23
Alcohol, denatured and ethyl
25
Alcoholic beverages
8, 10, 26
Aluminum
33
Apparel
1, 3, 4, 7, 8, 10-15, 38
Asphalt and tar products
35, 36
Automobiles, etc___ 1, 4-6, 8, 10, 11, 13-15, 19, 22, 40
Balance of international payments
2
Banking
16, 17
Barley
27
Barrels and drums
32
Battery shipments
34
Beef and veal
28
Beverages
4, 8, 10, 26
Blast furnaces, steel works, etc
13-15
Bonds, outstanding, issued, prices, sales,
yields
18-20
Brass and bronze
33
Brick
38
Brokers' balances
20
Building and construction materials- 8-10, 31, 36, 38
Building costs
9, 10
Business incorporations (new), failures
7
Business population
2
Business sales and inventories
4,5
Butter
27
Cans (tinplate)
32
Carloadings
23, 24
Cattle and calves
28
Cement and concrete products
8-10,38
Cereal and bakery products
8
Chain-store sales, firms with 4 or more and 11
or more stores
12
Cheese
27
Chemicals
4-6, 8, 13-15, 19, 22, 24, 25
Cigarettes and cigars
8, 10,30
Civilian employees, Federal
14
Clay products
8, 38
Coal
4, 8, 13-15, 22-24, 35
Cocoa
23, 29
Coffee
__ _ „ _ _ __
__ 23, 29
Coke
.___ 23,24,35
Communications
.
13-15, 19, 20, 24
Confectionery, sales
29
Construction:
Contracts
.
9
Costs
9, 10
Employment, hours, earnings, wages
13-16
Highways and roads
9, 10
Housing starts
,
9
New construction put in place
1, 2, 9
Consumer credit
17, 18
Consumer expenditures
1, 2
Consumer goods output, index
3,4
Consumer price index__
7
Copper
23,33
Corn
27
Cost of living (see Consumer price index)
7
Cotton, raw and manufactures
7, 8, 21, 22, 39
Cottonseed cake and rneal and oil
30
Credit, short- and intermediate-term
17,18
Crops
3, 7, 27, 28, 30, 39
Crude oil and natural gas
4, 13-15, 35
Currency in circulation.
,__
19
Dairy products
Debits, bank
Debt, U.S. Government
Department stores.
Deposits, bank
„
Disputes, industrial
Distilled spirits
payments, rates, and yields
DigitizedDividend
for FRASER
Drug
stores, sales
3S 7, 27
16
18
11, 12, 17
16, 17, 19
16
26
3, 18-21
11,12
Earnings, weekly and hourly
14-16
Eating and drinking places
11, 12
Eggs and poultry..
3, 7, 29
Electric power
4, 8, 26
Electrical machinery and equipment
3,
5,6, 13-15, 19,22,34
Employment estimates
12-14
Employment Service activities
16
Expenditures, U.S. Government
18
Explosives
25
Exports (see also individual commodities)
1,
2,21,22
Express operations
23
Failures, industrial and commercial
7
Fans and blowers
34
Farm income, marketings, and prices
1, 3, 7
Farm wages
16
Fats and oils
8, 29, 30
Federal Government
finance
18
Federal Reserve banks, condition of
16
Federal Reserve reporting member banks
17
Fertilizers
S, 25
Fire losses
10
Fish oils and
fish
29
Flooring, hardwood
31
Flour, wheat
28
Food products___ 4-8, 1C, 11, 13-15, 19, 22, 23, 27-30
Foreclosures, real estate
10
Foreign trade
21-23
Foundry equipment
34
Freight carloadings
23, 24
Freight cars (equipment)
4,40
Fruits and vegetables
7,8,22
Fuel oil
35,36
Fuels
4,8,35,36
Furnaces
.
34
Furniture
3, 4, 8, 10-15, 17
Furs
23
Gas, output, prices, sales, revenues
4, 8, 26
Gasoline
1, 35, 36
Glass and products
38
Glycerin
„
25
Gold
2, 19
Grains and products
7, 8, 22-24, 27, 28
Grocery stores
11, 12
Gross national product
1, 2
Gross private domestic investment
1, 2
Gypsum and products
.
8, 38
Hardware stores
11
Heating equipment
8,34
Hides and skins
8, 30
Highways and roads_
9, 10
Hogs
28
Home Loan banks, loans outstanding
10
Home mortgages
.
10
Hosiery
38
Hotels
14, 15, 24
Hours of work per week..
14
Housefurnishings
1,4, 7,8, 10-12
Household appliances and radios
4, 8, 11, 34
Housing starts
.
9
Imports (see also individual commodities). _ 1, 21-23
Income, personal
2,3
Income and employment tax receipts
18
Industrial production indexes:
By industry
.
, 3,4
By market grouping
3,4
Installment credit
17,18
Installment sales, department stores
12
Instruments and related products
3, 13-15
34
Insulating materials
.-Insurance, life
18,19
Interest and money rates
17
Inventories, manufacturers' and trade
4-6, 11,12
Inventory-sales ratios
5
Iron and steel, crude and manufactures
3,
5, 6, 8, 10, 19, 22, 23, 32,33
Labor disputes, turnover.
16
Labor force
12
Lamb and mutton
28
Lard.
28
Lead.
33
Leather and products
3, 8, 13-15, 30, 31
Life insurance
18, 19
Linseed oil.
30
Livestock
3, 7,8, 24,28
Loans, real estate, agricultural, bank, brokers'
(see also Consumer credit)
10, 16, 17, 20
Lubricants
35, 36
Lumber and products
3, 5, 6, 8, 10-15, 19, 31
Machine tools
34
Machinery
3, 5,6,8, 13-15, 19,22,34
Mail order houses, sales
11
Manmade fibers and manufactures
8, 39
Manufacturers' sales, inventories, orders
. 4-6
Manufacturing employment, production workers, payrolls, hours, earnings
13-15
Manufacturing production indexes
3,4
Margarine
,__
29
Meats and meat packing
3, 7, 28
Medical and personal care
7
Metals
4-6, 8, 13-15, 19, 23, 32-34
Milk
__.
27
Mining and minerals.
2-4,8, 13-15, 19, 20
Monetary statistics
19
Money supply -,
19
Mortgage lpans._
...
10, 16, 17
Motor carriers
,__
23
Motor vehicles-...- 1, 4-6, 8, 10, 11, 13-15, 19, 22, 40
Motors and generators
.
,__
34
National defense expenditures
1,18
National income and product
1, 2
National parks, visits
24
Newsprint
23, 37
New York Stock Exchange, selected data
20, 21
Nonferrous metals
8, 19, 23, 33, 34
Noninstallment credit
17
Oats
27
Oil burners.
34
Oils and fats
8, 29, 30
Orders, new and unfilled, manufacturers'
6
Ordnance
13-15
Paint arid paint materials
8, 25
Panama Canal traffic
24
Paper and products and pulp
3,
5,6,8,13-15,19,23,36,37
Parity ratio
7
Passports issued
24
Payrolls, indexes
14
Personal consumption expenditures
1, 2
Personal income
2, 3
Petroleum and products
4-6,
8, 11, 13-15, 19,22,23,35,36
Pig iron
32
Plant and equipment expenditures
2,20
Plastics and resin materials
25
Plywood
31
Population
12
Pork
28
Postal savings
17
Poultry and eggs
3, 7, 29
Prices (see also individual commodities)
7, 8
Printing and publishing
4, 13-15
Profits, corporate
1,19
Public utilities
2-4, 7-9, 13-15, 18-21
Pullman Company
24
Pulp and pulpwood
36
Purchasing power of the dollar
8
Radiators and con vectors
34
Radio and television
4, 8, 10, 11, 34
Railroads
2, 13, 14, 16, 18-21,23,24,40
Railways (local) and bus lines
13-15, 23
Rayon and acetate
39
Real estate
10, 17, 18
Receipts, U.S. Government
18
Recreation
7
Refrigerators and home freezers
34
Rent (housing)
7
Retail trade
4, 5, 7, 9, 11-15, 17
Rice
27
Roofing and siding, asphalt
36
Rubber and products
4-6,8,13-15,23,37
Rye
27
Saving, personal
2
Savings deposits
17
Securities issued
19, 20
Services
1, 2, 13-15
Sheep end lambs
28
Shoes and other footwear
1, 8, 11, 12, 31
Silk, prices, imports, production
8,39
Silver
19
Soybean cake and meal and oil
30
Spindle activity, cotton
39
Steel ingots and steel manufactures
32, 33
Steel scrap
32
Stock prices, earnings, sales, etc
20, 21
Stocks, department stores
12
Stone, clay, and glass products
3-6,
8, 13-15, 19, 38
Stoves and ranges
34
Sugar
23, 29
Sulfur
25
Sulfuric acid
25
Superphosphate
25
Tea imports
29
Telephone, telegraph, cable, and radiotelegraph carriers
13-15, 19, 20, 24
Television and radio
4, 8, 10, 11, 34
Textiles and products._ 3, 5, 6, 8, 13-15, 19, 22, 38-40
Tin
23, 33
Tires and inner tubes
8, 11, 12, 37
Tobacco and manufactures
4-8, 10, 13-15, 30
Tractors
22, 34
Trade (manufacturing, wholesale, and retail)
4-6, 11, 12
Transit lines, local
23
Transportation
1, 2, 7, 23, 24
Transportation equipment
3-6, 13-15, 19, 40
Travel
24
Truck trailers
40
Trucks (industrial, motor)
34,40
Unemployment and insurance
12, 16
U.S. Government bonds
16-18, 20
U.S. Government
finance
18
Utilities
2-4, 9, 13-15, 18-21, 26
Vacuum cleaners
Variety stores
Vegetable oils
_.
Vegetables and fruits
Vessels cleared in foreign trade
Veterans' benefits
Wages and salaries
Washers
Water heaters
Waterway traffic
Wheat and wheat
Wholesale price indexes
Wholesale trade
Wood pulp___
Wool and wool manufactures
Zinc
34
11, 12
29,30
7, 8, 22
24
16, 18
fiour
1,3, 14-16
34
34
24
28
8
4, 5, 12
36
7, 8, 23, 40
33, 34
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BUSINESS STATISTICS
1961 edition
—
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THIRTEENTH VOLUME in a series of
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Monthly data are shown back to 1957, with
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